NZD steady, focus on CPI data

Tue, 16 Apr 2019

By Rebecca Howard April 17 (BusinessDesk) - The New Zealand dollar is steady against the US dollar as the market awaits domestic inflation data for any further clues on whether a rate cut is on the cards next month. The kiwi was trading at 67.60 US cents at 8am in Wellington versus 67.58 at 5pm in Wellington yesterday. The trade-weighted index was at 73.21 from 73.22. "Upcoming NZ CPI remains the focus with markets keen to see if the data makes a case for the RBNZ to cut in May," said ANZ FX/Rates strategist Sandeep Parekh. Econ...

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