NZ dollar little changed vs. Oz dollar as RBA, RBNZ rate reviews awaited

Sun, 02 Dec 2012

Dec. 3 (BusinessDesk) - The New Zealand dollar was little changed against the Australian dollar amid expectations the Reserve Bank of Australia will cut its benchmark interest rate this week while New Zealand’s central bank will keep rates unchanged, narrowing the premium offered across the Tasman. The New Zealand dollar traded at 78.59 Australian cents from 78.65 cents in New York on Friday. The kiwi traded at 82.04 US cents from 81.98 cents on Friday. The Reserve Bank of Australia will cut its cash rate a quarter point to 3 percent tomorro...

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