NZ dollar falls ahead of inflation data

Mon, 14 Oct 2019

The New Zealand dollar was weaker as the market positioned itself for Wednesday's release of the September quarter inflation figures. The kiwi was trading at 63.12 US cents at 5pm in Wellington from 63.30 at 8am. The trade-weighted index was at 70.03 points from 70.34. "I think the market's positioning itself for Wednesday. The CPI's likely to be on the weak side," says Martin Rudings, a dealer at OMF. The Reserve Bank of Australia will release the minutes of its last meeting tomorrow at 1.30pm local time. "The market's expecting the R...

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