NZ dollar little changed vs. Australian dollar after weak retail sales, as RBA looms

Mon, 03 Dec 2012

By Paul McBeth Dec. 3 (BusinessDesk) - The New Zealand dollar was little changed against its Australian counterpart as sluggish consumer spending across the Tasman stoked speculation the Reserve Bank of Australia may cut interest rates deeper than initially anticipated. The kiwi traded at 78.68 Australian cents from 78.65 cents on Friday in New York. The currency was little changed at 81.95 US cents at 5pm in Wellington from 82.04 cents at 8am, and 81.98 cents last week. Australia's retail trade was unchanged last month, according to gover...

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