NZ dollar little changed ahead of inflation data, after gains in dairy prices

Tue, 17 Apr 2018

By Jonathan Underhill April 18 (BusinessDesk) - The New Zealand dollar was little changed ahead of figures tomorrow that are expected to show inflation remains tepid and will give the Reserve Bank no reason to contemplate interest rate hikes. The New Zealand dollar was trading at 73.39 US cents as at 8am in Wellington from 73.38 cents late yesterday. The trade-weighted index was at 75.18 from 75.17. Economists expect annual inflation was 1.1 percent in the first quarter, slowing from a 1.6 percent pace three months earlier. That's also...

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