Kiwi falls against Aussie on stronger-than-expected Australian house lending

Mon, 09 Sep 2019

By Jenny Ruth Sept. 9 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after better-than-expected housing finance data across the Tasman. The kiwi was trading at 93.70 Australian cents at 5pm in Wellington compared to 93.89 cents at 7:45am and at 64.23 US cents from 64.22 cents. The trade-weighted index was unchanged at 71.42 points. The Australian data for July showed that home loans rose 4.2 percent when consensus forecasts were for a 1.5 percent increase. Investment lending jumped 4.7 percent compared wi...

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