NZ dollar dives on weak CPI data, cushioned by strong China data

Wed, 17 Apr 2019

By Jenny Ruth April 17 (BusinessDesk) - The New Zealand dollar was sharply lower but off its lows as positive economic data from China and euphoria over the government’s decision to can a capital gains tax helped cushion the impact of a weaker than expected inflation print. The kiwi was trading at 67.30 at 5pm in Wellington, off the day’s low at 66.95 and compared with 67.60 at 8am, while the trade-weighted index sank to 72.85 points from 73.21. The Consumers Price Index for the March quarter came in at 0.1 percent, below market expect...

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