NZ dollar falls vs. Aussie as Australian data prompts rate cut rethink

Wed, 02 Mar 2016

By Paul McBeth March 2 (BusinessDesk) - The New Zealand dollar fell to a month-low against its trans-Tasman counterpart after Australia's economy grew more than expected in the final three months of the year, prompting some investors to rethink their bets on a rate cut. The kiwi dropped as low as 91.62 Australian cents and was trading at 91.69 cents at 5pm in Wellington from 92.48 cents yesterday. It was little changed at 66.24 US cents from 66.28 cents at 8am, and up from 66 cents yesterday. Australia's gross domestic product grew 0...

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