NZ dollar little changed vs. Aussie after RBA refrains from signalling more rate cuts

Tue, 05 Jul 2016

By Paul McBeth July 5 (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 disappointed some investors expecting the central bank to pave the way for another cut. The kiwi traded at 95.81 Australian cents at 5pm in Wellington from 95.83 cents immediately before the release and almost unchanged from yesterday. The trade-weighted index increased to 76.86 from 76.65 yesterday. RBA governor Glenn Stevens said the board "judged t...

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