NZD dips against Aussie after RBA holds the line

(Image: RBNZ)

Tue, 06 Aug 2024

The New Zealand dollar fell after the Reserve Bank of Australia kept rates on hold at 4.35% and reiterated it isn’t letting its guard down when it comes to inflation. The kiwi was trading at 91.11 Australian cents late Tuesday in Wellington versus 91.40 ahead of the announcement. “Data have reinforced the need to remain vigilant to upside risks to inflation, and the Board is not ruling anything in or out,” the Reserve Bank of Australia (RBA) said.There had been some speculation that the RBA might shift to a more dovi...

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