NZ dollar little changed as recovery in risk appetite weighs on greenback

Thu, 15 Feb 2018

By Rebecca Howard Feb. 15 (BusinessDesk) - The New Zealand dollar was little changed against the US dollar as markets shrugged off the stronger-than-expected inflation data in the US and a recovery in risk sentiment weighed on the greenback. The kiwi traded at 73.71 US cents as at 5pm in Wellington versus 73.31 cents late yesterday. The trade-weighted index increased to 75.33 from 75.10. The US CPI data showed the core measure excluding food and energy was 0.3 percent in the month and 1.8 percent in the year, beating forecasts of 0.2...

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