NZ dollar rises as benign inflation data weighs on USD

Sun, 13 Jan 2019

By Gavin Evans Jan. 14 (BusinessDesk) - The New Zealand dollar is trading firmer after benign inflation data in US on Friday affirmed expectations the central bank there will be measured in any moves to raise interest rates there. The kiwi was trading at 68.20 US cents at 8:30am in Wellington, from 68.06 US cents here late Friday and 68.31 cents late Friday in New York – the highest close there in more than three weeks. The trade-weighted index was at 73.70 from 73.46 here on Friday and 73.71 in New York. Equity markets and the kiwi fi...

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