NZ dollar gains vs. Aussie on weakest inflation in 7 years, as Fed, RBNZ loom

Wed, 27 Apr 2016

By Jonathan Underhill April 27 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after Australia posted its weakest inflation in seven years, sparking speculation of an interest hike across the Tasman just as the market is preparing for the local Reserve Bank's rate decision. The kiwi rose to 90.12 Australian cents as at 5pm in Wellington from 88.90 cents before the inflation figures were released and from 89.16 cents late yesterday. The local currency rose to 68.81 US cents from 68.57 cents yesterday. Au...

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