NZ dollar holds above 80 Australian cents as RBA, half-year update loom

Mon, 17 Dec 2012

Dec. 18 (BusinessDesk) – The New Zealand dollar held above 80 Australian cents ahead of the minutes of the Reserve Bank of Australia’s last policy meeting amid speculation it has further interest rate cuts to come, narrowing the gap with kiwi rates. The New Zealand dollar traded at 80.04 Australian cents, near a two-month high, from 79.99 cents at 5pm in Wellington yesterday. The kiwi dollar traded at 84.36 US cents from 84.39 cents. Australia’s central bank cut its key rate a quarter point to 3 percent on Dec. 4 and the minutes of that poli...

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