NZ dollar sticks to tight range ahead of US CPI data

Tue, 13 Mar 2018

By Rebecca Howard March 13 (BusinessDesk) - The New Zealand dollar was little changed, holding in a tight range in jittery markets ahead of US inflation data due later in the global trading day. The kiwi traded at 73.12 US cents as at 5pm in Wellington from 72.93 US cents as at 8am in Wellington and from 73.23 cents late yesterday. The trade-weighted index traded at 74.01 from 75.03. The US inflation data is in the limelight as investors try to guess the trajectory of policy tightening by the US Federal Reserve. The CPI may have slowed...

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