Australia’s
dollar was less than a cent from parity with New Zealand’s currency
before the larger nation reports inflation data that may sway the
central bank’s decision on interest-rate policy.
The
Aussie held a three-day decline versus the kiwi after minutes yesterday
of the Reserve Bank of Australia’s April 7 meeting showed it saw an
advantage in waiting for more economic figures before deciding on
further rate cuts. The U.S. dollar was little changed against the yen
ahead of Japanese trade data forecast to show the first surplus in
almost three years.
The
Australian dollar was little changed at NZ$1.0064 at 8:21 a.m. in
Tokyo. It traded at 77.14 U.S. cents from 77.11 Tuesday, having slumped
1.2 percent in the previous three sessions.
Australia’s
consumer price index climbed 1.3 percent in the first quarter from a
year ago, according to the median estimate in a Bloomberg survey of
economists, down from 1.7 percent during the previous period.
Japan’s
trade balance reached a surplus of 44.6 billion yen ($373 million) for
March, the first excess in almost three years, according to a separate
Bloomberg survey.
Source : Bloomberg
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