New Zealand!!!
Consumer prices in New Zealand declined 0.2% quarter-over-quarter in Q4, according to data issued by the country’s statistics bureau on Wednesday (Tuesday afternoon EST). The rise compared to economists’ expectations for a flat reading and followed the 1.3% gain in Q3. Meanwhile, consumer prices increased an annualized 2.0% in the final quarter of 2009, slightly below the consensus call for a 2.1% pace but above the previous 1.7% rise. Following the data, the Kiwi dollar declined by 31 pips to $0.7355USD.
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