NZ dollar falls to 8-week low vs. Aussie after RBA removes easing bias

Tue, 05 May 2015

By Tina Morrison May 6 (BusinessDesk) - The New Zealand dollar fell to an eight-week low against the Aussie as traders bet the Reserve Bank of Australia is finished its easing cycle after it reduced the country's benchmark interest rate to a record low 2 percent yesterday. The kiwi touched 94.90 Australian cents, and was trading at 95.09 cents at 8am in Wellington, from 95.45 cents at 5pm yesterday and 96.05 cents immediately before the RBA's 4:30pm statement. The local currency edged up to 75.54 US cents from 75.45 cents yesterday after...

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