NZ dollar holds gains after Chinese CPI as traders look ahead to MPS

Fri, 14 Feb 2014

Feb. 14 (BusinessDesk) – The New Zealand dollar held its gains after Chinese inflation data came in near expectations and traders warmed to the kiwi’s fundamentals ahead of what’s expected to be an interest rate hike by the Reserve Bank next month. The kiwi traded at 83.36 US cents, down from 83.52 cents at 8am in Wellington and up from 83.11 cents yesterday. The trade-weighted index was unchanged from yesterday at 78.28. Consumer prices in China rose 2.5 percent in January from a year earlier, just above the 2.4 percent pace forecast in a B...

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