RESEND: NZ dollar tumbles vs. Australian dollar as unchanged RBA delays parity party

Tue, 07 Apr 2015

(Fixes typo in 'broadly' in third paragraph) By Jonathan Underhill April 7 (BusinessDesk) - The New Zealand dollar tumbled against the Australian dollar after the Reserve Bank of Australia unexpectedly kept its cash rate unchanged, delaying the prospects of parity between the two currencies. The kiwi fell to 98.04 Australian cents as at 5pm in Wellington, from 99.37 cents at the start of the day and as high as a record 99.78 cents overnight. The local currency traded at 75.42 US cents from 76 cents yesterday. Ahead of today's state...

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