Kiwi strengthens versus Aussie as inflation tops forecast

Note: This section contains information in English only.
Source: Bloomberg
The New Zealand's currency slipped versus its Australian counterpart on Tuesday falling from the highest level in five years after a report showed that inflation in New Zealand topped its expectation in this quarter. The so-called Kiwi declined 0.2% to NZ$1.1270 per Australian Dollar by 3:20 p.m. Sydney time after it increased to NZ$1.1198 yesterday, the most since October 2008.

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