New Zealand inflation data for the third quarter will be made public at 2145 GMT on Monday, probably giving impetus to the Reserve Bank of New Zealand’s hopes that inflation will rise towards the midpoint of its target. The kiwi lost significant ground lately against the greenback, becoming the worst performer among G10 currencies during the past month after aussie. While an upbeat inflation report could give some joy to the local currency if the numbers strengthen more than the markets are pricing in, the reasoning behind, though, could be unsustainable. Consumer prices in New Zealand are said to have increased at ... (full story)