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

Tue, 04 Jun 2013

By Paul McBeth June 4 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept its benchmark interest rate on hold at 2.75 percent, while saying there is scope for a future cut if need be. The kiwi was unchanged at 82.81 Australian cents at 5pm in Wellington from immediately before the RBA announcement at 4.30pm and up from 82.70 cents yesterday. It slipped to 80.55 US cents at 5pm from 80.98 cents this morning, up from 79.63 cents yesterday. The RBA kept its k...

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