NZ loses ground against Aussie on higher-than-expected CPI, lift in iron ore prices

Wed, 30 Jan 2019

By Rebecca Howard Jan. 30 (BusinessDesk) - The New Zealand dollar lost ground against the Australian dollar after consumer prices across the Tasman were higher than expected in the December quarter. The kiwi traded at 95.08 Australian cents at 5pm in Wellington versus 95.46 Australian cents at 8am and from 95.43 cents yesterday. It was at 68.39 US cents from 68.36 cents yesterday. The Australian dollar got a lift when the consumer price index rose 0.5 percent in the December quarter, versus an expected 0.4 percent increase. Annual CP...

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