NZ dollar holds above 70 US cts ahead of inflation survey, RBNZ

Mon, 07 May 2018

By Paul McBeth May 8 (BusinessDesk) - The New Zealand dollar held above 70 US cents ahead of today's survey of inflation expectations and in the lead-up to Reserve Bank governor Adrian Orr's first monetary policy statement on Thursday. The kiwi traded at 70.13 US cents as at 8am in Wellington from 70.16 cents yesterday, while the trade-weighted index was unchanged at 73.34, still below the 75 level the Reserve Bank projected as an average for the second quarter in its last monetary policy statement. Inflation expectations will be keen...

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