NZ dollar dips vs Aussie after RBA more upbeat than expected

Tue, 07 Aug 2018

By Rebecca Howard Aug. 7 (BusinessDesk) - The New Zealand dollar dipped against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold and was more upbeat on the economy than expected. The kiwi traded at 90.98 Australian cents as at 5pm versus 91.07 cents at 8am and down from 91.16 cents yesterday. It traded at 67.26 US cents from 67.36 cents yesterday. The RBA kept the target cash rate at 1.5 percent as forecast by all 29 economists polled by Bloomberg. Interest rates have now been on hold in Aus...

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