NZ dollar holds gains from RBNZ inflation outlook as US tax reform weighs on greenback

Thu, 09 Nov 2017

By Paul McBeth Nov. 10 (BusinessDesk) - The New Zealand dollar held yesterday's gains after the Reserve Bank raised its forecast for the country's inflation outlook and brought forward by one quarter the chance of a rate hike, while the greenback dipped on renewed uncertainty over US tax reform. The kiwi traded at 69.60 US cents as at 8am in Wellington from 69.52 cents yesterday. The trade-weighted index was almost unchanged at 73.81 from 73.82 yesterday. The local currency got a boost from the Reserve Bank's new forecast track for t...

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