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NZD falls as weak Aust CPI rekindles rate cut speculation

The New Zealand dollar was dragged lower along with its trans-Tasman counterpart after March quarter inflation in Australia fell to its slowest pace in three years.

The kiwi was trading at 66.20 US cents at 5pm in Wellington from 66.49 at 7:45am but climbed to 94.10 Australian cents from 93.69. The trade-weighted index eased to 72.17 points from 72

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