NZ dollar gets lift from higher-than-expected inflation

Thu, 20 Apr 2017

By Rebecca Howard April 20 (BusinessDesk) - The New Zealand dollar gained after consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017, marking the first time inflation has hit the mid-point of the central bank's 1 percent-to-3 percent target range since September 2011. The kiwi was trading at 70.37 US cents as at 5pm in Wellington versus 69.99 US cents as at 8am but was largely unchanged from 70.44 cents yesterday. The trade-weighted index was unchanged at 76.47 from yesterday. "It was...

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