NZ dollar falls vs. Australian dollar after RBA keeps rates on hold

NZ dollar falls vs. Australian dollar after RBA keeps rates on hold
By Paul McBeth March 3 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate unchanged, while leaving open the possibility of a future cut. The kiwi fell to 96.32 Australian cents at 5pm in Wellington from 96.77 cents immediately before the announcement, and 96.88 cents yesterday. It gained to 75.33 US cents from 75.09 cents at 8am, and 75.21 cents yesterday. The RBA kept its cash rate at 2.25 percent, saying economic growth seen as below-trend, and the A...