Kiwi eases against Aussie; RBA says house prices may be stabilising

Tue, 02 Jul 2019

By Rebecca Howard July 2 (BusinessDesk) - The New Zealand dollar eased against the Aussie after the Reserve Bank of Australia noted signs of improvement in that country's housing market and reiterated its view on inflation for 2020. The kiwi was trading at 95.56 Australian cents at 5pm in Wellington from 95.76 cents at 7.40 am. It was at 66.75 US cents versus 66.73 US cents. The trade-weighted index was at 72.94 from 72.91. The RBA today cut its cash rate by 25 basis points to 1 percent. The move, which was expected by markets, came as...

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