NZ dollar slips after higher US inflation turns focus to tighter US monetary policy

Tue, 17 Jun 2014

By Tina Morrison June 18 (BusinessDesk) - The New Zealand dollar slipped after a report showing US inflation accelerated more than expected prompted investors to mull the outlook for tighter monetary policy in the world's biggest economy. The kiwi edged lower to 86.48 US cents at 8am in Wellington from 86.56 cents at 5pm yesterday. The trade-weighted index was a touch higher at 80.74 from 80.70 yesterday. The US dollar index, which measures the greenback against a basket of currencies, rose after a report showed US inflation accelerate...

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