NZ dollar, little changed, may fall on technical basis as inflation report looms

Wed, 18 Apr 2018

By Jonathan Underhill April 18 (BusinessDesk) - The New Zealand dollar was little changed and is more likely to fall, on a technical basis after failing to punch through its highs for the year. First-quarter inflation figures tomorrow are expected to be supportive of interest rates staying low. The kiwi dollar traded at 73.37 US cents as at 5pm in Wellington from 73.38 cents late yesterday. The trade-weighted index was little changed at 75.17. The kiwi climbed to as high as 73.95 cents on Friday before retreating and failing to break t...

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