LiteForex - Analytics

    LiteForex

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    NZD/USD: Consumer Price index is worse than expected on 16.07.2015

    Despite reducing interest rates to 3.25%, the Consumer Price index growth for the second quarter came out worse than expected (0.4% against forecasted 0.6%). The NZD was also negatively affected by a 10.7% fall in dairy price index by GlobalDairyTrade and 13.1% fall in milk powder.

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