NZ dollar falls vs. Aust dollar as RBA shrugs off low inflation, global jitters

Tue, 01 Mar 2016

By Paul McBeth March 1 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold, shrugging off low inflation and increasing fears about the strength of the global economy. The kiwi declined to 94.45 Australian cents at 5pm in Wellington from 92.71 cents immediately before the release. It was up from 92.12 cents yesterday. The local currency increased to 65.98 US cents from 65.82 cents at 8am and 65.71 cents yesterday. The RBA kept the target cash...

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