NZ dollar little changed vs. Australian dollar after RBA talks down currency

Tue, 02 Dec 2014

By Paul McBeth Dec. 2 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate at a record low, while saying a weaker currency was desirable to foster balanced economic growth. The kiwi traded at 92.53 Australian cents at 5pm in Wellington from 92.65 cents immediately before the release, and 92.45 cents yesterday. It was little changed at 78.77 US cents from 78.89 cents at 8am, up from 78.09 cents yesterday. The RBA kept the target cash rate 2....

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