NZ dollar little changed ahead of Australian CPI data

Tue, 23 Apr 2019

By Jenny Ruth April 23 (BusinessDesk) - The New Zealand dollar was little changed ahead of Australian inflation data due tomorrow, a key indicator to whether the Reserve Bank of Australia will cut interest rates. The kiwi was trading at 66.71 US cents at 5pm in Wellington from 66.75 at 8am while the trade-weighted index was at 72.42 points from 72.44. “The Australian CPI tomorrow is the main thing the market’s concentrating on,” says Tim Kelleher, head of institutional foreign exchange sales at ASB Bank. Given that New Zealand’s CPI...

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