The Kiwi declines vs. US dollar after New Zealand 1Q CPI slows 

By @ibtimes on

The New Zealand dollar has witnessed a first drop in the first session of the week against its U.S. counterpart, after the New Zealand economy reported its consumer price index has retreated to 0.8% during the first three months of 2011, slower than economists' estimates for a 1 percent advance.

The New Zealand dollar dropped against all major currencies, while it recorded the lowest level at 0.7926 against the greenback.

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