NZ dollar holds steady versus Aussie ahead of RBA meeting

Mon, 29 Feb 2016

By Tina Morrison March 1 (BusinessDesk) - The New Zealand dollar held steady against the Australian dollar ahead of the Reserve Bank of Australia's decision on interest rates today. The kiwi was trading at 92.11 Australian cents at 8am in Wellington, from 92.12 cents at 5pm yesterday. The local currency edged up to 65.82 US cents from 65.71 cents yesterday. The kiwi has shed 13 percent against its trans-Tasman counterpart over the past year as weak dairy prices dented the local economy and prompted the Reserve Bank to cut interest rate...

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