NZ dollar heads for 0.7% weekly gain as US inflation data looms

Fri, 13 Oct 2017

By Rebecca Howard Oct. 13 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent weekly gain, having gone sideways in the local trading session as markets await US inflation data. The kiwi traded at 71.40 US cents as at 5pm versus 71.34 US cents as at 8am in Wellington, up from 71.04 cents yesterday. It traded at 70.92 US cents in New York last Friday. The trade-weighted index advanced to 75.04 from 74.74 yesterday. Martin Rudings, senior dealer foreign exchange at OMF in Wellington, said the greenback has been under pr...

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