NZ dollar set for 2.3% weekly gain as greenback continues to falter

Fri, 16 Feb 2018

By Rebecca Howard Feb. 16 (BusinessDesk) - The kiwi is heading for a 2.3 percent weekly gain as investors continued to overlook signs of emerging inflation in the US and instead focused on improving risk appetite. The kiwi rose to 74.14 US cents as at 5pm in Wellington from 73.71 cents late yesterday, and was up from 72.44 last Friday. The trade-weighted index gained to 75.55 from 75.33. The US dollar index, which measures the greenback against a basket of currencies is at a three-year low as traders shrug off emerging inflationary pre...

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