NZ dollar declines against Aussie ahead of RBA interest rate decision

Mon, 02 Mar 2015

By Tina Morrison March 3 (BusinessDesk) - The New Zealand dollar weakened against the Australian dollar as traders have already priced in an interest rate cut by the Reserve Bank of Australia today. The kiwi slipped to 96.64 Australian cents at 8am in Wellington, from 96.88 cents at 5pm yesterday. The local currency declined to 75.09 US cents from 75.21 cents yesterday after US manufacturing data met expectations, bolstering optimism about the outlook for the world's largest economy. In local trading today, all eyes will be on the RBA'...

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