NZ dollar slips to 3-week low vs. Australian dollar on leadership change, rates differential

Tue, 15 Sep 2015

By Jonathan Underhill Sept. 15 (BusinessDesk) - The New Zealand dollar fell to a three-week low against its Australian counterpart after a government leadership change boosted optimism for economic growth across the Tasman, while speculation dimmed that the Reserve Bank of Australia will cut interest rates, unlike the Reserve Bank of New Zealand. The kiwi dollar traded at 88.46 Australian cents at 5pm in Wellington, having earlier touched 88.30 cents, the lowest since Aug. 24, down from 89.08 cents yesterday.The kiwi was little changed at...

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