New Zealand dollar slugged by inflation surprise, Aussie hangs on
SYDNEY: The New Zealand dollar slid on Thursday after a surprisingly low reading on inflation expectations stirred doubts about the need for aggressive rate hikes, while its Australian counterpart drew comfort from the risk of tightening at home. The kiwi dollar lost 0.5% to a two-week low of $0.5829, having snapped support at $0.5850. The next bear targets are $0.5762 and $0.5627. The Aussie…
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