NZ dollar falls as RBNZ survey shows softer inflation expectations; Yellen looms

Tue, 24 Feb 2015

By Paul McBeth Feb. 24 (BusinessDesk) - The New Zealand dollar fell after inflation expectations dwindled in the Reserve Bank's latest survey of local firms, who didn't expect the central bank to raise interest rates this year, and ahead of US Federal Reserve chair Janet Yellen's semi-annual testimony to legislators. The kiwi dropped to 74.75 US cents at 5pm in Wellington from 75.20 cents at 8am, and 75.13 cents yesterday. The trade-weighted index declined to 77.69 from 77.92. New Zealand firms see the consumers price index rising an a...

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