Kiwi Inch Up Since Inflation Advance

Note: This section contains information in English only.
Source: Bloomberg
© FP
The kiwi continues to gain since yesterday's report showed inflation progressing and pushing the case for the central bank to increase interest rates. New Zealand's currency added versus most of its major currencies, due to the stocks rise and Chinese money-market rates rollback, and changed only at 83.26 U.S. cents at 5:13 p.m. after hitting 0.9% yesterday in Sydney. Interest rate swap amount in New Zealand gained one basis unit to 3.83% after reaching 3.89%, the strongest since January 2011.
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