NZ dollar falls ahead of US CPI, Spencer speech

Mon, 12 Mar 2018

By Jonathan Underhill March 13 (BusinessDesk) - The New Zealand dollar fell ahead of US inflation data, which may provide clues to the pace of US rate hikes, while domestically traders will be watching for a speech by acting Reserve Bank governor Grant Spencer and February food prices. The kiwi declined to 72.93 US cents as at 8am in Wellington from 73.23 cents late yesterday. The trade-weighted index fell to 74.71 from 75.03. US consumer price inflation excluding food and energy may have slowed to 0.2 percent in February for an unchan...

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