NZ dollar falls on December inflation outlook, quake flurry

Mon, 20 Jan 2014

By Paul McBeth Jan. 20 (BusinessDesk) - The New Zealand dollar fell ahead of tomorrow’s December inflation figures which are seen as feeding into the Reserve Bank’s interest rate outlook, and after an earthquake in the lower North Island caused a brief flurry of selling. The kiwi traded at 82.43 US cents at 5pm in Wellington from 82.46 cents at 8am, down from 82.62 cents on Friday in New York. The trade-weighted index declined to 78.37 from 78.61 last week. New Zealand’s consumers price index is forecast to have fallen 0.1 percent in the f...

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