{"id":62378,"date":"2014-10-23T02:33:33","date_gmt":"2014-10-23T06:33:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=62378"},"modified":"2014-10-23T10:17:17","modified_gmt":"2014-10-23T14:17:17","slug":"kiwi-tumbles-after-soft-nz-inflation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/kiwi-tumbles-after-soft-nz-inflation\/","title":{"rendered":"Kiwi tumbles after soft NZ inflation"},"content":{"rendered":"<div id=\"inves-152756303\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 23, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The New Zealand Dollar was the one of the biggest movers in the Asian session on Thursday, falling close to 100 pips against the US dollar after disappointing inflation data.<\/p>\n<p>According to data from Statistics New Zealand, the consumer price index (CPI) rose 0.3 percent in the September 2014 quarter. This is the third consecutive quarterly rise of 0.3 percent.<\/p>\n<p>\u201cHigher housing-related prices were responsible for about three-quarters of the rise in the CPI this quarter. The rest of the basket was relatively subdued,\u201d prices manager Chris Pike said.<\/p>\n<p>Prices for housing and household utilities rose 1.0 percent, reflecting higher local authority rates (up 3.8 percent), housing rentals (up 0.6 percent), and newly built houses (up 1.1 percent). Local authorities set their rates annually, and these are mainly shown in the September quarter CPI.<\/p>\n<p>Lower prices for household contents and services (down 1.3 percent) reflected falls for textiles, furniture, and whiteware. Communication also fell (down 1.4 percent), reflecting better-value telecommunication services (down 1.1 percent) and cheaper telecommunication equipment, mainly cellphone handsets (down 7.5 percent).<\/p><div id=\"inves-800015105\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Transport prices were up 0.1 percent, with higher petrol prices (up 1.0 percent) and international air fares (up 1.4 percent) countered by cars (down 1.0 percent) and warrants of fitness. Fewer cars now require a six-month warrant of fitness, which has been shown as a price fall in the CPI.<\/p>\n<p>\u201cOverall food prices were flat, but there was a relatively large fall for bread, with supermarkets discounting some of their own-brand bread to about $1.00,\u201d Mr Pike said. Vegetable prices rose 10 percent in the quarter on the back of a mild winter \u2013 compared with a 20 percent rise in the September 2013 quarter.<br \/>\nThe kiwi fell to as low as $0.7830 in the Asian session from a high of $0.7927.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The New Zealand Dollar was the one of the biggest movers in the Asian session on Thursday, falling close to 100 pips against the US dollar after disappointing inflation data. According to data from Statistics New Zealand, the consumer price index (CPI) rose 0.3 percent in the September 2014 quarter. This is [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-62378","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=62378"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}