NZ dollar falls as inflation indicators awaited, volatility measure ebbs

Mon, 12 Feb 2018

By Jonathan Underhill Feb. 13 (BusinessDesk) - The New Zealand dollar fell ahead of inflation data in the UK and US and the Reserve Bank's survey of expectations tomorrow, with little indication there is much pressure on prices worldwide. The kiwi declined to 72.44 US cents as at 8am in Wellington from 72.68 cents late yesterday. The trade-weighted index fell to 74.52 from 74.72. Figures tonight may show UK core inflation was 2.6 percent year-on-year in the first quarter, up from 2.5 percent previously, while tomorrow night US data may...

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