NZ dollar falls vs. A$ after RBA minutes show bank happier with currency

Tue, 18 Feb 2014

By Paul McBeth Feb. 18 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after minutes to this month’s Reserve Bank of Australia meeting showed the regulator was more comfortable with the level of the nation’s currency. The kiwi fell to 92.09 Australian cents at 5pm in Wellington from 92.51 cents at 8am and 92.44 cents yesterday. It traded at 83.46 US cents at 5pm from 83.59 cents at 8am, down from 83.72 cents yesterday. The RBA board noted the Australian dollar’s depreciation in recent months, while other m...

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