By
The kiwi dollar fell to a session low at $0.8725, from around $0.8766, after the annual inflation rate came in at 1.6 percent in the second quarter, below the 1.8 percent consensus.
Sentiment for the kiwi had already soured after international milk prices fell and volumes dropped at an auction held by New Zealand's Fonterra Co-operative Group, the world's biggest dairy exporter.