NZ dollar pares losses against Aussie after tepid inflation across Tasman

Wed, 25 Jul 2018

By Rebecca Howard July 25 (BusinessDesk) - The New Zealand dollar recovered its overnight losses against the Australian dollar and moved slightly higher against the greenback after Australian inflation data failed to fire. The kiwi traded at 91.80 Australian cents as at 5pm in Wellington versus 91.63 cents at 8am and 91.82 cents yesterday. It was at 67.90 US cents from 67.73 cents yesterday. Australian consumer prices rose 0.4 percent in the second quarter and were up 2.1 percent from a year earlier, the Australian Bureau of Statistic...

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