NZ dollar weaker against Aussie after RBA stays on message

Tue, 01 Aug 2017

By Rebecca Howard Aug. 1 (BusinessDesk) - The New Zealand dollar lost ground against the Australian dollar when the Reserve Bank of Australia kept rates on hold at 1.5 percent and said its forecasts for the Australian economy are largely unchanged despite weaker-than-expected inflation in the second quarter. The kiwi was trading at 93.48 Australian cents at 5pm from 93.86 Australian cents at 8 am and from 94.06 cents yesterday. The kiwi was little changed at 75.04 US cents from 75.06 cents yesterday, having reached a two-year high of 75....

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