NZ dollar gains vs Aussie as tepid wage inflation firms up view for flat rate track

Wed, 15 Aug 2018

By Rebecca Howard Aug. 15 (BusinessDesk) - The New Zealand dollar gained against the Aussie as a lack of wage inflation in Australia affirmed expectations for a flat interest rate track across the Tasman. The kiwi increased to 90.91 Australian cents as at 5pm in Wellington from 90.71 cents yesterday. It traded near a two-and-a-half year low at 65.57 US cents from 65.99 cents yesterday. New Zealand's currency outperformed the Aussie as Australian Bureau of Statistics figures showed wages rose a seasonally adjusted 0.6 percent in the s...

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