NZ dollar heading to a weekly 0.8% decline, eyes on US CPI data

Fri, 14 Jul 2017

By Rebecca Howard July 14 (BusinessDesk) - The New Zealand dollar held onto its overnight gains but was headed for a 0.8 percent weekly decline as investors await several US economic indicators, including inflation numbers. The New Zealand dollar was trading at 73.16 US cents as at 5 pm from 72.84 cents late yesterday but was weaker versus last Friday in New York when it traded at 73.80. The kiwi was battered early in the week by disappointing domestic data but gained sharply toward the end of the week amid speculation the Reserve Ban...

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