NZ dollar little changed below 69 US cents as US CPI adds to Fed hike case

Wed, 15 Nov 2017

By Jonathan Underhill Nov. 16 (BusinessDesk) - The New Zealand dollar was little changed, holding below 69 US cents, after US inflation figures came in near expectations, keeping intact bets that the Federal Reserve will hike US interest rates next month. The kiwi dollar traded at 68.75 US cents as at 8am in Wellington, having climbed as high as 69.18 cents overnight, from 68.71 cents late yesterday. The trade-weighted index was at 72.87 from 72.90 yesterday. US Labor Department figures showed the consumer price index rose 0.1 percent...

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