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

Tue, 02 Sep 2014

By Paul McBeth Sept. 2 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept rates on hold, while becoming a little more pessimistic about the nation's labour market. The kiwi traded at 89.77 Australian cents at 5pm in Wellington from 89.76 cents immediately before the release, and up from 89.62 cents yesterday. The kiwi fell to 83.48 US cents from 83.76 cents at 8am and 83.73 cents yesterday. The RBA kept the target cash rate at 2.5 percent as expected,...

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