NZ dollar loses ground against Aussie

Wed, 12 Jul 2017

By Rebecca Howard July 12 (BusinessDesk) - The New Zealand dollar continued to fall against the Australian dollar on some improving data across the Tasman and a lift in iron ore prices. The kiwi traded at 94.55 Australian cents from 95 Australian cents at 8am and 95.61 late yesterday in Wellington. The trade-weighted index fell to 77.56 from 77.79. "There may be some anticipation going on ahead of upcoming CPI releases," said Ross Weston, a senior trader at Kiwibank. New Zealand is due to publish second-quarter consumer price index da...

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