NZ dollar falls on weaker Chinese manufacturing, faster Aust inflation; RBNZ looms

Wed, 24 Jul 2013

By Paul McBeth July 24 (BusinessDesk) - The New Zealand dollar fell after figures today showed Chinese manufacturing was weaker than expected and Australian inflation was faster than anticipated, while at home traders look ahead to the Reserve Bank’s interest rate review tomorrow. The kiwi fell to 79.66 US cents at 5pm in Wellington from 79.89 cents at 8am and 79.96 cents yesterday. The trade-weighted index declined to 75.18 from 75.43 yesterday. The flash HSBC/Markit Purchasing Managers’ Index indicated China’s manufacturing activity slo...

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