NZ dollar gains vs. Australian dollar on RBA rate view, as dairy auction, Fed awaited

Tue, 17 Mar 2015

By Jonathan Underhill March 17 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after minutes of the last Australian central bank meeting showed it considered cutting interest rates. Traders are now awaiting results of the dairy auction overnight. The kiwi touched 96.82 Australian cents, the highest since March 5, and was at 96.71 cents at 5pm in Wellington, from 96.27 cents at 5pm yesterday. The New Zealand dollar rose to 73.79 US cents from 73.61 cents yesterday ahead of the US Federal Reserve's statement du...

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