NZ dollar little changed vs. A$ after RBA sees limited gains from weaker currency

Tue, 01 Apr 2014

By Paul McBeth April 1 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold and said it expects limited gains from a weaker Australian currency. The kiwi traded at 93.60 Australian cents at 5pm in Wellington from 93.52 cents immediately before the release, and down from 93.75 cents yesterday. The local currency traded at 86.72 US cents from 86.73 cents at 8am, up from 86.55 cents yesterday. The RBA kept the target cash rate at 2.5 per...

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