NZ dollar slips vs. Australian dollar before RBA statement, commodities report

Mon, 01 Oct 2012

Oct. 2 (BusinessDesk) - The New Zealand dollar was little changed against the greenback and fell versus the Australian dollar ahead of the Reserve Bank of Australia’s policy review and a monthly commodity report that may show prices are strengthening. The kiwi traded at 82.74 US cents from 82.71 cents at 5pm in Wellington yesterday. It fell to 79.79 Australia cents from 80 cents and the trade weighted index weakened to 73.66 from 73.75. Traders are putting a 66 percent chance on a rate cut by the RBA, which would narrow the gap with New Zeal...

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