NZ dollar holds gains after Yellen voices uncertainty over US inflation

Wed, 22 Nov 2017

By Rebecca Howard Nov. 22 (BusinessDesk) - The New Zealand dollar held onto its overnight gains after Federal Reserve chair Janet Yellen voiced uncertainty over whether US inflation will soon rebound, casting some doubt on market expectations for US rate increases. The New Zealand dollar was trading at 68.26 US cents as at 5pm in Wellington versus 68.31 cents at the start of the day and from 68.01 cents late yesterday. The trade-weighted index gained to 72.32 from 72.19 yesterday. The kiwi rose overnight, benefiting from risk appetite...

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