NZ dollar holds near two-month high ahead of inflation data

Wed, 25 Jan 2017

By Paul McBeth Jan. 26 (BusinessDesk) - The New Zealand dollar held near a two-month high ahead of consumer prices data expected to show the pace of inflation has returned to the Reserve Bank's target band adding to the case for interest rate hikes this year. The kiwi traded at 72.47 US cents as at 8am in Wellington from 72.44 cents late yesterday. The trade-weighted index was at 79.21 from 79.18, still higher than the average 76.4 level the central bank projected for the first quarter in its November monetary policy statement. Inves...

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