NZ dollar falls vs Aussie as PBoC warns against one-way yuan bets

Tue, 07 Aug 2018

By Paul McBeth Aug. 8 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as reports the People's Bank of China was alert to the risks facing its currency stoked risk appetite among investors, although that didn't spill over to the local currency ahead of tomorrow's central bank meeting. The kiwi declined to 90.69 Australian cents as at 8am in Wellington from 90.98 cents yesterday. It was little changed at 67.33 US cents from 67.26 cents. The Australian dollar was among gainers after Bloomberg reported the...

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