NZ dollar little changed before inflation report that may yield RBNZ clues

Mon, 16 May 2016

By Jonathan Underhill May 16 (BusinessDesk) - The New Zealand dollar was little changed before the release of the inflation expectations report tomorrow that may help guide the market's view on the timing of interest rate cuts by the Reserve Bank. The kiwi traded at 67.69 US cents as at 5pm in Wellington, from 67.72 cents at the New York close on Friday. It fell to 67.53 cents at the start of the day, in line with a weaker Australian dollar after weaker-than-expected China industrial production, retail sales, and fixed asset data. The tra...

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