NZ dollar little changed before CPI report seen as benign, Bernanke testimony looms

Mon, 16 Jul 2012

By Paul McBeth July 16 (BusinessDesk) - The New Zealand dollar was little changed from the close of trading last week ahead of tomorrow's consumer price index, which is expected to show benign inflation in the second three months of the year. The kiwi traded at 79.61 US cents at 5pm from 79.67 cents at 8am and 79.51 cents last week. The trade-weighted index was little changed at 72.32 from 72.35 on Friday in New York. New Zealand consumer prices rose 0.5 percent in the three months ended June 30, unchanged from the first quarter, according...

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