Kiwi plumbs 2-1/2 year low versus US dollar

The New Zealand dollar wallowed near February 2016 lows against US dollar after sustaining heavy losses last week, following earlier inflation data from New Zealand today. 

As of 02:28 GMT, NZD/USD shed 0.03% to 0.6588, with an intraday high at 0.6596, and a two-and-a-half-year nadir at 0.6557. 

Earlier New Zealand data showed the Food Price Index, tracking prices of food and its services purchased by households, rose 0.7% in July, up from 0.5% in June, 

An index tracking the performance of services rose to 55.1 in July from 52.7, with a reading above 50 indicating expansion and vice versa.