NZ dollar weakens with Australian dollar on RBA easing bias

Tue, 20 Nov 2012

Nov. 21 (BusinessDesk) – The New Zealand dollar weakened along with the Australian dollar after the Reserve Bank of Australia indicated it still has an easing bias, stoking speculation it will cut interest rates next month and eroding the appeal of the down-under currencies. The New Zealand dollar fell to 81.56 US cents from 81.86 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 73.28 from 73.44. The Australian dollar weakened to US$1.0368 from US$1.0413. The minutes of the Australian central bank’s Nov. 6 meeting, relea...

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