NZD higher on inflation expectations but market waiting for RBNZ

Wed, 08 Aug 2018

By Rebecca Howard Aug. 8 (BusinessDesk) - The New Zealand dollar rose against the greenback when inflation expectations were a tad stronger but was largely rangebound as investors await tomorrow's central bank rate decision and monetary policy statement. The kiwi traded at 67.53 US cents at 5pm in Wellington from 67.33 US cents at 8 am and from 67.26 cents late yesterday. The trade-weighted index was at 72.68 from 72.62 yesterday. The kiwi pushed higher after news that the Reserve Bank's survey of expectations shows firms see the consu...

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