NZ dollar gains vs pound on soft BOE tone, extends slide vs Aussie

Thu, 02 Feb 2017

By Jonathan Underhill Feb. 3 (BusinessDesk) - The New Zealand dollar rose against the pound after the Bank of England trimmed its inflation forecasts and gave a less upbeat account of the British economy than traders were expecting. The kiwi extended its slide versus the Aussie dollar after Australia posted a record December trade surplus. The kiwi dollar rose as high as 58.42 British pence after the BOE statement and was at 58.13 pence as at 8am in Wellington, up from 57.59 pence late yesterday. The local dollar fell as low as 94.48 Aust...

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