NZ dollar falls vs Aussie as Westpac rate hike puts RBA review in spotlight

Mon, 03 Sep 2018

By Paul McBeth Sept. 4 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart ahead of today's Reserve Bank of Australia policy review which will attract close scrutiny after Westpac Banking Corp's out-of-cycle rate hike. The kiwi declined to 91.49 Australian cents as at 8am in Wellington from 91.81 cents yesterday. It was almost unchanged at 66.02 US cents from 66.05 cents yesterday with US markets closed for the Labor Day holiday. The RBA is expected to keep the target cash rate at 1.5 percent today after...

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