NZ dollar little changed vs. A$ as RBA keeps rates on hold, sees inflation in check

Tue, 05 Aug 2014

By Paul McBeth Aug. 5 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept the key rate unchanged and said it expected inflation to remain in check. The kiwi traded at 91.26 Australian cents at 5pm in Wellington from 91.29 cents immediately before the release and 91.28 cents yesterday. The local currency traded at 85.21 US cents at 5pm from 85.23 cents at 8am and 85.10 cents yesterday. The RBA kept the target cash rate at 2.5 percent, as expected, in a...

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