NZ dollar eases amid speculation on RBNZ and RBA rate cuts

Fri, 27 Sep 2019

By Jenny Ruth Sept. 27 (BusinessDesk) - The New Zealand dollar was slightly weaker after gaining a third of a US cent through a volatile week in which central banks featured large. The kiwi was trading at 62.90 US cents at 5pm in Wellington from 63 cents at 8:10am. That was down from the week's high at 63.48 cents but up from 62.56 cents in New York last Friday. The trade-weighted index was at 70.27 from 70.38. Both the Reserve Bank of New Zealand and Reserve Bank of Australia governor Philip Lowe failed to provide strong signals about...

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