New Zealand’s consumer price index for the first quarter came in below expectations on Thursday, but remained near historic highs. That followed hotter than expected CPI figures in Britain that boosted bets for a rate increase from the Bank of England in May.The Aussie dollar declined 0.17 percent to $0.6703. A review of the Reserve Bank of Australia released on Thursday outlined a range of reforms, including a more focused policy mandate.
Traders are anticipating further cues from U.S. manufacturing data on Friday, the Bank of Japan’s meeting next week, and the Fed’s Open Market Committee early next month, Bank of Singapore’s Sim said. INQUIRER.net wants to hear from you! Take part in our reader survey and help us be better. Click on this image to answer.Subscribe to our daily newsletter