Kiwi dollar ended a mixed session with a muted reaction to news today that the Reserve Bank of Australia raised its cash rate by 25 basis points to 3.5 per cent.
At close, it was buying 72.03c having risen through the 72c figure on the decision. That left it little changed from the 72.19c at close Monday.
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The NZ dollar had a bumpy ride on Monday night, rising to 72.65c and then plunging to 71.45c by 8am. It consolidated for most of the session here ahead of the Australian rate decision at 4.30pm.
The NZ dollar was A79.80c at 5pm from A79.69c ahead of the decision and A79.84c at 5pm yesterday.
