NZ dollar falls to 3-month vs. Aussie as Australian prospects look up

Mon, 07 Mar 2016

By Tina Morrison March 8 (BusinessDesk) - The New Zealand dollar fell to a three-month low against the Australian dollar as investors bet it has better prospects for gains than the kiwi. The local currency touched 90.84 Australian cents and was trading at 90.90 cents at 8am in Wellington, from 91.64 cents at 5pm yesterday. The kiwi was little changed at 67.95 US cents from 67.96 cents yesterday. The Australian dollar is more in favour than the kiwi as traders anticipate the Reserve Bank of Australia is likely to keep its benchmark inte...

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