NZ dollar follows Aussie lower as RBA highlights weak labour market

Tue, 04 Apr 2017

By Paul McBeth April 4 (BusinessDesk) - The New Zealand dollar followed the Australian dollar lower against the greenback after the Reserve Bank of Australia warned the nation's weak wage growth was set to stay subdued. The kiwi fell to 69.87 US cents as at 5pm in Wellington from 69.92 cents immediately before the RBA announcement and 70.03 cents yesterday. The local currency rose to 92.13 Australian cents from 91.90 cents before the statement and 92.02 cents yesterday. The RBA kept its target cash rate unchanged at 1.5 percent, sayi...

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