N.Z. Inflation, Dairy Prices Ease Pressure on RBNZ to Raise Rate

New Zealand inflation accelerated less than economists expected and dairy prices slumped, easing pressure on the central bank to continue raising borrowing costs and sending the Kiwi dollar lower. The consumer price index rose 1.6 percent in the second quarter from a year earlier, after increasing 1.5 percent in the previous period, Statistics New Zealand said in Wellington today....


RBA Sticks With Stable Rate Outlook as Economy Transitions

Australia’s central bank reiterated it expects a period of stable interest rates as the government cuts spending and the economy transitions from mining-investment led growth. “Low interest rates were working to support demand,” the Reserve Bank of Australia said in minutes released today from its July 1 meeting, where it kept the...


Dollar Near 7-Week Low Versus Yen Before Yellen Speaks

The dollar was 0.3 percent from the lowest level in seven weeks against the yen before Federal Reserve Chair Janet Yellen testifies to U.S. lawmakers tomorrow. The U.S. currency fluctuated between gains and losses versus the euro amid speculation Yellen will give additional insight into when the central bank...