New Zealand dollar marked down on lower than expected Q2 CPI data

• New Zealand Q2 CPI: +0.2% q/q (vs. +0.3% expected)
• New Zealand Q2 CPI: +0.7% y/y (vs. +0.8% expected)
• Non-tradables +0.6% q/q and +2.5% y/y
• Tradables inflation -0.5% q/q and -1.+6% y/y

Levels for the NZD:

• offers 0.7820/30
• sellers again 0.7875/85
• on the downside, bids 0.7730/40