NZ dollar pares gains ahead of US inflation after run of weak data

Fri, 17 Apr 2015

By Jonathan Underhill April 17 (BusinessDesk) - The New Zealand dollar pared its gains against the greenback ahead of US inflation data, on concern a strong number could make up for a string of recent weak economic data and reignite talk of Federal Reserve rate increases. The kiwi dollar traded at 76.61 US cents as at 5pm in Wellington, having reached a three-month high of 76.97 cents overnight, from 75.94 cents yesterday. The trade-weighted index was at 79.83, having touched a nine-month high of 80.08, from 79.34 yesterday. Economist...

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