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Kiwi falls on US tax reform plans and inflation

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The New Zealand dollar fell as US Republicans signalled progress on tax reforms and as financial markets awaited US inflation figures tonight and, for New Zealand, the latest opinion poll.

The kiwi dollar declined to 72.37 US cents as at 8am in Wellington from 72.87 cents late yesterday. The trade-weighted index fell to 75.51 from 75.78.

Figures overnight showed US producer prices for final demand rose 0.2 percent in August after a 0.1 percent drop in July. The data comes ahead........

© The National Business Review