Kiwi falls on slowing inflation

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The New Zealand Dollar dropped versus all the major counterparts after data indicated that inflation slowed to the weakest pace in 12 years, increasing speculation that the nation's Reserve Bank will lower interest rates. The Kiwi Dollar lost 0.3% to 81.59 U.S. cents, while remaining unchanged at 67.38 Yen. Consumer prices in New Zealand increased 0.8% in the Q3 from a year earlier, the lowest level since 1999. 
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