NZ dollar gains vs Aussie as RBA keeps rates low, GDP looms

Tue, 05 Jun 2018

By Jonathan Underhill June 6 (BusinessDesk) - The New Zealand dollar gained against the Aussie after Australia's central bank kept interest rates on hold as expected and said a return to targeted inflation is likely to be gradual. The kiwi dollar rose to 92.26 Australian cents as at 8am in Wellington from 91.95 cents late yesterday. The kiwi traded at 70.25 US cents from 70.22 cents yesterday and the trade-weighted index was little changed at 73.56 from 73.53. RBA governor Philip Lowe yesterday announced an unchanged 1.5 percent cash r...

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