RESEND: NZ dollar falls after local inflation expectations subside, US GDP looms

Tue, 25 Nov 2014

(Includes TWI in 2nd graph) By Paul McBeth Nov. 25 (BusinessDesk) - The New Zealand dollar fell after local firms dialled down their inflation expectations as economic growth slows from its rampant pace at the start of the year, and as US gross domestic product figures loom. The kiwi dropped to 78.19 US cents at 5pm in Wellington from 78.58 cents at 8am and 78.90 cents yesterday. The trade-weighted index declined to 78.01 from 78.60 yesterday. New Zealand firms cut their one-year ahead inflation expectations by about 40 basis points...

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