NZ dollar slips as US data, Trump factor lift greenback

Thu, 26 Jan 2017

By Jonathan Underhill Jan. 27 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar that was helped by improving US data in a market where equities are charting record highs. The kiwi declined to 72.47 US cents as at 8am in Wellington from 72.84 cents late yesterday. The trade-weighted index fell to 79.29 from 79.42. The local currency gained yesterday after figures showed inflation has moved back within the Reserve Bank's target band and has accelerated more than the bank was projecting. The US dollar index...

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