NZ dollar slips vs. Australian dollar on lack of strong RBA statement

Tue, 01 Jul 2014

By Jonathan Underhill July 1 (BusinessDesk) - The New Zealand dollar fell to 92.76 Australian cents, from 92.94 Australian cents immediately before the RBA statement and from 92.86 cents the previous day. The kiwi dollar rose to 87.71 US cents from 87.52 cents. RBA governor Glenn Stevens said in his statement on monetary policy that the Australian dollar "remains high by historical standards, particularly given the declines in key commodity prices, and hence is offering less assistance than it might in achieving balanced growth in the...

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