The kiwi falls sharply, helped along by what is shaping up to be a 'risk off' day, but mostly...

|By:, SA News Editor

The kiwi falls sharply, helped along by what is shaping up to be a 'risk off' day, but mostly from a report showing diving inflation in New Zealand. The CPI rose just 0.8% last quarter after a 2.3% jump previously, giving the central bank room to keep rates low. Kiwi -1.4%, buying $0.7875. ETF: BNZ.