NZ dollar rises to 2-week high on TWI basis ahead of dairy auction, CPI data

Tue, 18 Apr 2017

By Jonathan Underhill April 18 (BusinessDesk) - The New Zealand dollar rose to a two-week high on a trade-weighted basis on expectations tonight's dairy auction will be the third in a row to produce rising prices, while the consumers prices index on Thursday will likely show inflation is back at the mid-point of the Reserve Bank's target range. The trade-weighted index rose to 76.20 as at 5pm in Wellington from 76.05 last Thursday, before the four-day Easter weekend. The kiwi dollar slipped to 70.06 US cents from 70.22 cents yesterday, to...

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