The New Zealand dollar gained ahead of food price and inflation expectation reports locally and US inflation data tonight while the greenback weakened against the yen and the Swiss franc. The kiwi rose to 72.77 US cents as at 8am in Wellington from 72.62 cents late yesterday. The trade-weighted index increased to 74.77 from 74.62. New Zealand January food prices are due out this morning after a 0.8 percent decline in the previous month which fed into weaker-than-expected fourth-quarter inflation. The Reserve Bank's quarterly survey of expectations today will show whether tepid inflation remains ingrained. Globally, ... (full story)