NZ dollar falls vs. Aussie as Australian inflation beats expectations; Fed, RBNZ loom

Wed, 27 Jan 2016

By Paul McBeth Jan. 27 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after Australian inflation came in higher than expectations, eroding the chances of another rate cut in Australia. The kiwi dropped to 92.35 Australian cents at 5pm in Wellington from 92.88 cents immediately before the inflation data, and 92.79 cents yesterday. The local currency traded at 64.74 US cents from 64.99 cents at 8am, and 64.56 cents yesterday. Bureau of Statistics data showed Australian consumer prices rose at an annua...

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