NZ dollar little changed vs. A$ after RBA keeps rates on hold

Tue, 07 Oct 2014

By Paul McBeth Oct. 7 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold, while saying weak wage growth is expected to keep inflation in check, even as the Australian currency depreciates. The kiwi traded at 89.12 Australian cents at 5pm in Wellington from 89.09 cents immediately before the release, and down from 89.32 cents yesterday. The local currency traded at 77.96 US cents from 78.21 cents at 8am, up from 77.67 cents yesterda...

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