New Zealand Dollar Advances to Post-Float High as Inflation Accelerates

(Bloomberg) -- The New Zealand dollar rose to the
highest since being allowed to trade freely in 1985 after a
government report showed inflation in the second quarter was
faster than expected. Bonds fell.

The currency bought 78.87 U.S. cents at 10:51 a.m. in
Wellington and reached 78.96 cents, a post-float high, from
78.61 cents immediately before the report. It was at 78.73 cents
late in New York July 13.


Read more at Bloomberg Currencies News