NZ dollar slips vs. Aussie ahead of RBA interest rate decision

Mon, 04 May 2015

By Tina Morrison May 5 (BusinessDesk) - The New Zealand dollar edged lower against the Aussie as traders position themselves for the Reserve Bank of Australia's interest rate decision today. The kiwi slipped to 95.90 Australian cents at 8am in Wellington from 96.15 cents at 5pm yesterday. The local currency was little changed at 75.26 US cents from 75.25 cents yesterday. The local focus today is on the RBA's interest rate decision, where traders are pricing in a 75 percent chance of a rate cut, after the bank unexpectedly kept the benc...

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