NZ dollar slips vs. Australian dollar after RBA gives no hint of lowering interest rates

Tue, 06 Oct 2015

By Paul McBeth Oct. 6 (BusinessDesk) - The New Zealand dollar dipped against its trans-Tasman counterpart after the Reserve Bank of Australia disappointed traders looking for hints of another rate cut, keeping the target cash rate unchanged and saying data will inform future movements. The kiwi fell to 91.28 Australian cents at 5pm in Wellington from 91.61 cents immediately before the release. The local currency was little changed at 64.99 US cents from 65.04 cents at 8am, and up from 64.65 cents yesterday. The RBA kept the benchmark r...

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