NZ dollar rises after RBA leaves rates unchanged

Tue, 03 Jul 2012

By Hannah Lynch July 03 (BusinessDesk) - The New Zealand dollar rose against the greenback in local trading after the Reserve Bank of Australia left its official cash rate unchanged at 3.5 percent, even as it dimmed its international outlook. The New Zealand dollar increased to 80.40 US cent at 5pm from 80.16 yesterday. That's the highest the currency has traded since May 4. It rose as high as 80.61 cents in local trading. The trade weighted index climbed to 72.53 from 72.30. The kiwi was little changed on 78.34 Australian cents from 78.35...

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