NZ dollar trades near 5-month high as weak US data erodes prospects of further rate hike

Sun, 16 Jul 2017

By Jonathan Underhill July 17 (BusinessDesk) - The New Zealand dollar traded near a five-month high after weak US inflation, retail sales and consumer sentiment figures stoked talk the Federal Reserve may not raise interest rates for the third time this year. The kiwi traded at 73.42 US cents as at 8am in Wellington, from 73.45 cents in late New York trading on Friday and 73.16 cents in Asia at the end of last week. The trade-weighted index was little changed at 78.11. US consumer price index inflation was flat in June against expectat...

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