NZ dollar rises as inflation data reduces rate-cut risk

Wed, 23 Jan 2019

By Jenny Ruth Jan. 23 (BusinessDesk) - The New Zealand dollar rose against all major currencies after inflation data came in at the upper end of expectations. The Consumers Price Index for the December quarter came in at 0.1 percent with the annual pace holding steady at 1.9 percent. The kiwi was trading at 67.66 US cents shortly after 5pm in Wellington from 67.24 at 8.30am. The trade-weighted index climbed to 73.46 points from 73.06. Economists had forecast a zero to 0.1 percent December quarter outcome. Nevertheless, Peter Cava...

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