Bloomberg News

N.Z. Dollar Drops After Consumer Prices Rise Less Than Estimated

October 24, 2011

Oct. 25 (Bloomberg) -- The New Zealand dollar weakened against its U.S. counterpart after a government report showed consumer prices rose less than estimated in the third quarter.

The currency traded at 80.39 U.S. cents at 10:47 a.m. in Wellington from 80.73 cents in New York yesterday and 80.77 cents before the data.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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