NZ dollar slips ahead of inflation data tomorrow that may show tepid price pressures

Sun, 15 Jul 2018

By Jonathan Underhill July 16 (BusinessDesk) - The New Zealand dollar fell ahead of second-quarter inflation figures tomorrow that are expected to confirm price pressures remain tepid, keeping interest rates low for now. The kiwi traded at 67.58 US cents as at 8am in Wellington from 67.63 cents in New York on Friday and from 67.75 cents in Wellington at the end of last week. The trade-weighted index fell to 72.44 from 72.46 in New York. The Reserve Bank has forecast a 0.4 percent rise in the consumers price index in the second quarter...

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