Dollar sags after benign US inflation data; kiwi skids on rate cut – Marketscreener.com

The dollar weakened after the release of mild US inflation data, while the New Zealand dollar slid following a rate cut. The US dollar lost ground as the inflation numbers were not as strong as expected, causing investors to reevaluate their positions. Meanwhile, the kiwi dollar dropped after the Reserve Bank of New Zealand announced a cut to interest rates. Both currencies faced pressure in the markets as a result of these developments.