NZ dollar rises above 72 US cents amid early signs inflation may be stirring

Wed, 19 Oct 2016

By Jonathan Underhill Oct. 19 (BusinessDesk) - The New Zealand dollar rose above 72 US cents for the first time in two weeks as stronger-than-expected inflation figures at home and in the UK stoked speculation the era of ultra-low price increases may be ending. The local currency rose to 72.12 US cents as at 5pm in Wellington, from 71.85 cents late yesterday. The trade-weighted index edged up to 77.29 from 77.10. Figures yesterday showed UK inflation jumped to 1 percent last month, the highest since November 2014 and up from 0.6 percen...

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