NZ dollar slips before US CPI as OCR review looms

Tue, 22 Jul 2014

By Jonathan Underhill July 22 (BusinessDesk) - The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world's biggest economy may have accelerated enough to bring forward the timing of interest rate hikes. The kiwi dollar traded above 88 US cents last week before Federal Reserve chair Janet Yellen gave hints the US economy may be travelling better than thought, global dairy prices fell and New Zealand second-quarter inflation printed weaker than expected. (Bu...

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