NZ dollar falls vs. Australian dollar as RBNZ seen cutting rates while RBA stands pat

Sun, 11 Oct 2015

By Jonathan Underhill Oct. 12 (BusinessDesk) - The New Zealand dollar extended its decline against the Australian dollar on speculation the Reserve Bank of New Zealand will cut interest rates again this year while Australia's central bank keeps its cash rate unchanged, narrowing the kiwi dollar's premium. The kiwi fell to 91.13 Australian cents at 8am in Wellington, from 91.25 cents in New York on Friday and down from 91.69 cents in Asia at the end of last week. It traded at 66.80 US cents from 66.90 cents in New York. Traders are awai...

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