New Zealand dollar gains vs Aussie after weak CPI, Lowe speech

Wed, 26 Jul 2017

By Rebecca Howard July 26 (BusinessDesk) - The New Zealand dollar gained against the Aussie after Australian second-quarter inflation was more muted than expected and Reserve Bank governor Philip Lowe talked down the possibility of imminent rate hikes. The kiwi rose to 93.95 Australian cents as at 5pm in Wellington from 93.69 cents yesterday. The New Zealand dollar fell to 74.24 US cents versus 74.38 late yesterday. Australian consumer prices rose by 0.2 percent versus the first quarter and were up 1.9 percent from a year earlier, t...

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