NZ dollar holds gains after softer US inflation which Yellen says won't persist

Sun, 15 Oct 2017

By Jonathan Underhill Oct. 16 (BusinessDesk) - The New Zealand dollar held onto its gains after rising on Friday in New York following weaker-than-expected US inflation, which Federal Reserve chair Janet Yellen says she doesn't expect to persist. An announcement on NZ's next government could come as soon as today. The kiwi traded at 71.66 US cents as at 8am in Wellington, little changed from 71.65 cents in late New York trading on Friday and up from 71.40 cents in Wellington at the end of last week. The trade-weighted index rose to 75.27...

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