NZ dollar continues to gain against the Aussie

Wed, 24 Jul 2019

By Rebecca Howard July 25 (BusinessDesk) - The New Zealand dollar rose further against the Australian dollar as expectations for further rate cuts across the Tasman grow. The kiwi was trading at 96.12 Australian cents at 8am in Wellington from 95.86 Australian cents at 5pm. It was at 67.07 US cents versus 66.95 cents, and the trade-weighted index was at 73.50 points from 73.39. The Australian dollar got knocked back late yesterday when Westpac Banking Corp's chief economist said he now expects Australia's central bank to cut rates twi...

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