NZ dollar declines ahead of Reserve Bank governor's speech on inflation

Sun, 30 Nov 2014

By Tina Morrison Dec. 1 (BusinessDesk) - The New Zealand dollar weakened ahead of a speech by Reserve Bank governor Graeme Wheeler about inflation. The kiwi slid to 78.17 US cents at 8am in Wellington from 78.49 cents at the New York close and 78.30 on Friday. The trade-weighted index dropped to 78.26 from 78.31 on Friday. Wheeler is scheduled to speak to a conference in Wellington this morning about "reflections on 25 years of inflation targeting". Economists and businesses have been pulling back their forecasts for inflation after da...

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