The New Zealand dollar fell to a two-month low against the US dollar, and previously announced that New Zealand's third-quarter CPI increase month-on-month was lower than the median forecast. The Australian dollar was also dragged lower. The NZD/USD pair once fell 0.7% to 0.6040, the lowest level since August 19. AUD/USD fell 0.5% to 0.6669. The New Zealand Treasury yield curve is getting steeper, and the two-year yield fell 4 basis points to 3.88%.

The New Zealand dollar fell to a two-month low against the US dollar, and previously announced that New Zealand's third-quarter CPI increase month-on-month was lower than the median forecast. The Australian dollar was also dragged lower. The NZD/USD pair once fell 0.7% to 0.6040, the lowest level since August 19. AUD/USD fell 0.5% to 0.6669. The New Zealand Treasury yield curve is getting steeper, and the two-year yield fell 4 basis points to 3.88%.