NZD review: Western Union

Quotes from Western Union:

- A reduction in inflation expectations in New Zealand took a toll on the kiwi which weakened toward 2011 lows hit in early February. 

- Receding inflation expectations at best reduce the chance of a Reserve Bank interest rate hike this year, while at worst open the door to an interest rate cut. 

- The Aussie dollar fell in sympathy with its commodity cousin from New Zealand.