The New Zealand dollar (NZD) fell for the third successive day against the US Dollar (USD) on Thursday, reversing all the gains of the previous month, and holding near crucial support after the third quarter CPI data rose more than expected even as inflation slipped year-on-year. At the time of writing, the New Zealand US Dollar exchange rate (NZD/USD) was trading at 0.5822, down 0.55% on the day. CIBC “expects NZD/USD to weaken to 0.57 through Q4 of this year.” In its October edition of the monthly FX outlook, CIBC stated the “USD enjoyed a strong September, NZD/USD managed to eke out a small gain on the month. The ... (full story)