SYDNEY, July 16 (Reuters) - The New Zealand dollar fell to its lowest level in over five years on Thursday after weaker-than-expected inflation data cemented expectations for a cut in interest rates as early as next week.
The kiwi skidded to $0.6560, a low not seen since late 2009. It last stood at $0.6575. The kiwi was already under pressure after a closely watched auction overnight showed global dairy prices tumbled to a 12-1/2 year low. ID:nW9N0XB01X ID:nL4N0ZV5H3