NZ dollar gains vs. Australian dollar as weak inflation builds case for RBA rate cut; RBNZ, Fed loom

Wed, 28 Oct 2015

By Paul McBeth Oct. 28 (BusinessDesk) - The New Zealand dollar rose to near a six-month high against its trans-Tasman counterpart after weaker-than-expected inflation added pressure to the Reserve Bank of Australia to cut interest rates next week, while traders await policy decisions in New Zealand and the US. The kiwi hit 94.89 Australian cents, the highest since May 6, trading at 94.41 Australian cents at 5pm in Wellington from 93.63 cents yesterday. The local currency followed the Aussie lower against the greenback, falling to 67.25 US...

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