NZ dollar steadies at higher levels; Aussie economy not as weak as thought

Wed, 04 Sep 2019

By Jenny Ruth Sept. 4 (BusinessDesk) - The New Zealand dollar was little changed, stabilising at higher levels on a combination of technical factors and signs that Australia’s economy may not be as weak as thought. The kiwi, which has spent most of the week near four-year lows, was trading at 63.34 US cents at 5pm in Wellington from 63.33 cents at 8am. It fell as low as 62.67 cents yesterday. The trade-weighted index was at 70.82 points from 70.86. “We had key reversals in the Aussie and New Zealand dollars,” after making new lows yest...

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