NZ dollar becalmed after steady RBA stance

Tue, 05 Nov 2019

The New Zealand dollar was little changed after the Reserve Bank of Australia left its cash rate unchanged while saying it is prepared to ease monetary policy further if needed. The kiwi was trading at 64.07 US cents at 5pm in Wellington from 64.01 cents at 8am and at 92.83 Australian cents from 92.92 cents. RBA governor Philip Lowe said the outlook for Australia's economy is little changed from three months ago and that "after a soft patch in the second half of last year, a gentle turning point appears to have been reached." But the r...

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