NZ dollar falls vs Aussie after RBA maintains neutral tone

Tue, 04 Sep 2018

By Rebecca Howard Sept. 4 (BusinessDesk) - The New Zealand dollar fell against the Aussie after the Reserve Bank of Australia kept the benchmark rate on hold and didn't opt for a more dovish tone, despite Westpac Banking Corp's out-of-cycle rate hike. The kiwi dropped to 91.32 Australian cents at 5pm in Wellington from 91.81 cents yesterday. The local currency edged down to 65.96 US cents from 66.05 cents yesterday with US markets closed for the Labor Day holiday. The RBA kept the target cash rate at 1.5 percent, as expected by all 25...

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