NZ dollar little changed ahead of US CPI, seen as key to December rate hike

Sun, 12 Nov 2017

By Jonathan Underhill Nov. 13 (BusinessDesk) - The New Zealand dollar was little changed against the greenback ahead of US inflation data this week that will help determine the likelihood of a US rate hike next month. The kiwi traded at 69.29 US cents as at 8am in Wellington from 69.28 cents in late New York trading on Friday. The trade-weighted index was at 73.58 from 73.51. Traders have priced in more than an 80 percent chance of a hike by the Federal Reserve at its meeting next month, which would be the third increase this year. Sti...

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