NZ dollar falls as weak Australian CPI rekindles rate cut speculation

Wed, 24 Apr 2019

By Jenny Ruth April 24 (BusinessDesk) - The New Zealand dollar was dragged lower along with its trans-Tasman counterpart after March quarter inflation in Australia fell to its slowest pace in three years. The kiwi was trading at 66.20 US cents at 5pm in Wellington from 66.49 at 7:45am but climbed to 94.10 Australian cents from 93.69. The trade-weighted index eased to 72.17 points from 72.34. Australia’s headline inflation rate came in flat for the March quarter against expectations of a 0.2 percent increase, according to a Bloomberg su...

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