NZ dollar falls vs. Australian dollar after RBA less pessimistic on global outlook

Tue, 02 Feb 2016

By Paul McBeth Feb. 2 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia was less pessimistic about the global outlook than some traders had expected. The kiwi fell to 91.95 Australian cents from 92.14 cents immediately before the RBA announcement, though up from 91.61 cents yesterday. The local currency gained to 65.22 US cents from 65.12 cents at 8am and 64.74 cents yesterday as weaker than expected US data stoked speculation the Federal Reserve won't hike rates as aggr...

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