RESEND NZ dollar creeps higher as RBA rate cut eases concerns for Australian economy

Tue, 04 Dec 2012

By Paul McBeth (Removes extraneous figure in second paragraph) Dec. 5 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after the Reserve Bank of Australia cut interest rates in line with expectations and soothing fears the world's 12th biggest economy could be in for a big fall as its mining boom peaks. The kiwi increased to 82.43 US cents at 8am in Wellington from 82.29 cents yesterday, following the Australian dollar's lead, which rose to US$1.0472 from US$1.0446. The kiwi was little changed at 78.68 Aust...

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