NZ dollar drops to two-month low against Aussie ahead of RBA minutes

Mon, 14 Apr 2014

By Tina Morrison April 15 (BusinessDesk) – The New Zealand dollar dropped to a two-month low against the Australian currency ahead of today’s release of the Reserve Bank of Australia’s minutes of its meeting this month which is expected to confirm positive sentiment about the economy’s revival. The kiwi touched 91.87 Australian cents overnight, its lowest level since Feb. 20. The local currency was at 92.05 Australian cents at 8am in Wellington from 92.38 cents at 5pm yesterday. The New Zealand dollar edged lower to 86.78 US cents from 86.82...

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