NZ dollar falls vs Aussie, 'parity party cancelled' as economies diverge

Tue, 18 Jul 2017

By Rebecca Howard July 18 (BusinessDesk) - The New Zealand dollar took a tumble against the Australian dollar after weak domestic inflation contrasted sharply with a more upbeat economic outlook from the Reserve Bank of Australian in the minutes of its last meeting. The kiwi traded at 92.85 Australian cents as at 5pm in Wellington from 93.85 cents at 8am and from 93.81 cents yesterday. The kiwi traded at 73.38 US cents versus 73.30 cents late yesterday. The New Zealand dollar took an initial tumble when Statistics New Zealand reporte...

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