NZ dollar little changed at Chinese inflation raises fears of slow down

Tue, 09 Jul 2013

By Paul McBeth July 9 (BusinessDesk) - The New Zealand dollar was little changed against the greenback after Chinese inflation figures raised fears the world’s second biggest economy may be slowing down. The kiwi was unchanged at 78.03 US cents at 5pm in Wellington from 8am, up from 77.26 cents yesterday. The trade-weighted index gained to 74.69 from 74.21 yesterday. China’s consumer price index rose 2.7 percent in the second quarter from the same period a year earlier, according to the National Bureau of Statistics, ahead of an expected...

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