Wednesday, 17 August 2016

NZ dollar climbs after weak US CPI, strong dairy auction

The New Zealand dollar climbed after figures showed the US consumer price index was flat last month while the price of whole milk powder jumped to a 10-month high overnight.

The kiwi rose to 72.52USc at 5pm in Wellington, from 72.26USc yesterday. The trade-weighted index advanced to 76.68 from 76.07 yesterday.



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