NZ dollar retreats from Aussie, may have to wait for RBA in May for another tilt

Wed, 22 Apr 2015

By Jonathan Underhill April 22 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after Australian inflation data printed just above expectations giving the market little reason to add to bets for an early rate cut across the Tasman. The kiwi fell to 98.74 Australian cents, having risen as high as 99.59 cents overnight, from 99.35 cents yesterday. The local currency traded at 76.80 US cents from 76.51 cents yesterday. Australia's consumers price index rose 0.2 percent in the first quarter from three months earli...

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