NZ dollar pares CPI gains as greenback rises, wait for govt continues

Tue, 17 Oct 2017

By Rebecca Howard Oct. 17 (BusinessDesk) - The New Zealand dollar was little changed, paring the gains it made on stronger-than-expected inflation data, as the greenback strengthened in Asian trading. The kiwi was trading at 71.64 US cents as at 5pm versus 71.65 US cents as at 8am in Wellington and 71.72 cents late yesterday. The trade-weighted index was at 75.39 from 75.30 yesterday. The New Zealand dollar touched 72 US cents after the consumer price index rose 0.5 in the three months ended Sept. 30 while annual inflation was 1.9 per...

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