NZ dollar falls ahead of inflation data that may undershoot RBNZ forecast

Mon, 17 Jul 2017

By Jonathan Underhill July 18 (BusinessDesk) - The New Zealand dollar fell ahead of second-quarter inflation data which is expected to come in weaker than the Reserve Bank has forecast and giving it little reason to contemplate raising interest rates anytime soon. The kiwi traded at 73.16 US cents, down from 73.30 cents late yesterday. The trade-weighted index slipped to 77.85 from 77.97. Economists expect inflation was 0.2 percent in the three months ended June 30, for an annual rate of 1.9 percent, according to the median in a poll o...

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