News: New Zealand dollar down 1.25 pct in early morning trade

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    WELLINGTON, July 12 (Reuters) - The New Zealand dollar was quoted at $0.7217, down 1.25 percent in early Asia-Pacific trade on Tuesday.

    The Kiwi began to reverse gains made on on Friday and over the weekend that had been sparked by a central bank speech which alluded to concerns about rising house prices being a possible reason to hold benchmark interest rates.

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