NZ dollar falls vs Aust dollar as interest rate tracks diverge

Tue, 02 Oct 2018

By Paul McBeth Oct. 2 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as the upbeat economic outlook from the Reserve Bank of Australia underlined the divergent interest rate tracks of the trans-Tasman neighbours. The kiwi declined to 91.36 Australian cents at 5.30pm in Wellington from 91.63 cents yesterday. It traded at 66.10 US cents from 66.14 cents. The New Zealand Institute of Economic Research's quarterly survey of business opinion showed firms were the gloomiest they've been about the economy in...

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