NZ dollar little changed after US retail sales disappoint, local inflation looms

Mon, 15 Jul 2013

By Paul McBeth July 16 (BusinessDesk) - The New Zealand dollar was little changed after weaker than expected US retail sales eroded optimism the Federal Reserve will slow its asset purchase programme, and ahead of local inflation figures forecast to show consumer prices are rising at a slow pace. The kiwi traded at 78.08 US cents at 8am in Wellington from 78.14 cents at 5pm yesterday. The trade-weighted index edged up to 74.32 from 74.26 yesterday. Traders were upbeat early in Northern Hemisphere trading after a strong New York manufacturi...

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