RESEND: NZ dollar falls as benign inflation data adds to downward pressure on kiwi

Thu, 23 Oct 2014

(fixes typo in second graph) By Jonathan Underhill Oct. 23 (BusinessDesk) - The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. The kiwi fell to 78.52 US cents as at 5 pm in Wellington, down from 79.09 cents immediately before the inflation data was released and down from 79.76 cents late yesterday. The trade-weighted index fell to 76.47 from 77.42 yesterday. Go...

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