NZ dollar falls vs. Australian counterpart as RBA minutes, speech loom

Mon, 19 Nov 2012

By Paul McBeth Nov. 19 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as investors prepare for the minutes from this month's Reserve Bank of Australia policy meeting and a speech from governor Glenn Stevens tomorrow. The kiwi fell to 78.38 Australian cents at 5pm in Wellington from 78.54 cents on Friday in New York. It increased to 81.34 US cents at 5pm from 81.17 cents at 8am and 81.21 cents last week. The RBA unexpectedly kept the target cash rate unchanged at 3.25 percent this month in the face of a stro...

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