NZ dollar holds near 3-month low vs Aussie as RBA looks towards higher rates

Tue, 15 May 2018

By Rebecca Howard May 15 (BusinessDesk) - The New Zealand dollar held near a three-month low against its Australian counterpart after minutes to the last Reserve Bank of Australia policy review showed the next move in interest rates is expected to be higher, putting it at odds with a more ambivalent RBNZ. The kiwi traded at 91.77 Australian cents as at 5pm in Wellington from 91.80 cents at 8am, down from 92.15 cents yesterday. It was the lowest since early February. The kiwi dropped to 68.92 US cents from 69.61 cents late yesterday. Tha...

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