NZ dollar may run out of puff as interest rate differential with US narrows

Fri, 26 Jan 2018

By Paul McBeth Jan. 26 (BusinessDesk) - The New Zealand dollar is heading for a 0.9 percent gain against the greenback this week but may run out of steam as investors pay more attention to a narrowing interest rate differential with the US. The kiwi rose to 73.38 US cents as at 5pm in Wellington from 72.75 cents on Friday in New York last week, in a volatile week where it soared on jawboning from the US Treasury secretary before slumping on softer-than-expected inflation. The trade-weighted index is heading for a 0.3 percent weekly decli...

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