NZ dollar pushes higher against greenback ahead of CPI data

Mon, 16 Jul 2018

By Rebecca Howard July 16 (BusinessDesk) - The New Zealand dollar pushed higher in Asian trading ahead of tomorrow's inflation data that will be closely watched given chatter about possible rate cuts by the central bank. The kiwi traded at 67.74 US cents as at 5pm from 67.58 cents as at 8am in Wellington and 67.63 cents in New York on Friday. The trade-weighted index traded at 72.58 from 72.46 in New York. The median in a Bloomberg poll of 13 economists expects a 0.5 percent rise in the consumers price index in the second quarter for...

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