NZ dollar rises after CPI meets expectations; US dollar weakens

Tue, 16 Jul 2019

By Jenny Ruth July 16 (BusinessDesk) - The New Zealand dollar rose after inflation data came in bang on expectations, posing no impediment to the Reserve Bank cutting interest rates. Both the kiwi and Australian dollars were boosted by a weaker greenback as the latest US earnings season gets underway. The kiwi was trading at 67.32 US cents at 5pm in Wellington from 67.21 at 7:55am. The trade-weighted index advanced to 73.50 points from 73.38. The Consumers Price Index came in at 0.6 percent for the June quarter and 1.7 percent for the...

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