NZ dollar rises ahead of CPI as traders mull weak US retail sales, IMF view

NZ dollar rises ahead of CPI as traders mull weak US retail sales, IMF view
By Jonathan Underhill July 17 (BusinessDesk) - The New Zealand dollar gains before figures expected to show inflation is tame enough to rule out any immediate increase in interest rates and as traders digested weaker US retail sales and a cut to forecast global growth by the International Monetary Fund. The kiwi dollar slipped to 79.69 US cents from 79.51 cents at 5 pm in Wellington yesterday. The trade-weighted index was little changed at 72.31. Inflation was 0.5 percent in the second quarter, unchanged from the first-quarter pace, for an a...