NZ dollar drops to week-low vs. Aussie as inflation stirs across Tasman

Wed, 26 Oct 2016

By Jonathan Underhill Oct. 26 (BusinessDesk) - The New Zealand dollar fell to its lowest level in more than a week against the Australian dollar after inflation data across the Tasman printed stronger than the market had expected. The kiwi fell to 93.13 Australian cents as at 5pm in Wellington, and briefly tumbled as low as 92.88 cents after the data from 93.79 cents yesterday. It traded at 71.56 US cents from 71.48 cents yesterday. Australia's consumer price index rose 0.7 percent last quarter, beating market expectations of a 0.5 per...

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