Japan's core consumer prices rose 0.6 percent in May from a year earlier, Internal Affairs ministry data showed on Friday, rising for a second month in a row in part due to higher commodity prices.*
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The New Zealand dollar touched its highest level in 26 years against the U.S. dollar on Monday, helped by improving fundamentals and global U.S. dollar weakness.
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"We can put our finger on the problems, and they're temporary, I think," says one economist. "Oil prices were a blow. You can see that in the consumer spending numbers in Q1, and prices are coming back down."
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