NZ dollar gains vs. Aust after RBA leaves rates unchanged

Tue, 05 Feb 2013

By Paul McBeth Feb. 5 (BusinessDesk) - The New Zealand gained against its Australian counterpart after the Reserve Bank of Australia kept interest rates on hold, while leaving a future cut on the table if slowing growth and inflation get out of hand. The kiwi rose to 80.88 Australian cents at 5pm in Wellington from 80.66 cents immediately before the announcement, and down from 81.10 cents yesterday. The kiwi fell to 84.12 US cents from 84.46 cents at 8am and 84.55 cents yesterday. The RBA kept the target cash rate at 3 percent today, with...

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