NZ dollar falls vs. Australian dollar as inflation accelerates across the Tasman

Wed, 24 Oct 2012

By Paul McBeth Oct. 24 (BusinessDesk) - The New Zealand dollar fell to a month-low against its Australian counterpart as the pace of inflation accelerated more than expected across the Tasman and as Chinese manufacturing figures indicate a milder contraction in the region’s biggest export market. The kiwi fell to 78.76 Australian cents at 5pm in Wellington from 79.13 cents, the lowest level since Sept. 12. The currency rose to 81.26 US cents at 5pm from 81.15 cents at 8am and was down from 81.65 cents yesterday. Australia's annual pace of...

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