NZ dollar falls vs Aussie on speculation higher GDP track won't faze RBNZ

Thu, 21 Dec 2017

By Jonathan Underhill Dec. 22 (BusinessDesk) - The New Zealand dollar fell against the Aussie, reversing its gains yesterday when figures showed a stronger track for economic growth, on speculation the data won't faze the Reserve Bank given there's still little sign of inflation. The kiwi dollar declined to 90.96 Australian cents as at 8am in Wellington from 91.39 cents late yesterday. It traded at 70.10 US cents, little changed from 70.07 cents yesterday. The trade-weighted index was at 73.74 from 73.75. The local currency rallied yes...

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