NZ dollar falls against Aussie; RBNZ seen as more dovish than RBA

Wed, 21 Aug 2019

By Jenny Ruth Aug. 21 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as the local central bank is considered more prone to cut interest rates than Australia’s. The kiwi was trading at 94.51 Australian cents at 5pm in Wellington from 94.67 cents at 8am. It was also trading at 64.07 US cents from 64.18 cents, while the trade-weighted index was at 71.28 points from 71.41. Yesterday, the minutes were published from the Reserve Bank of Australia’s monetary policy meeting earlier this month. It decided to hol...

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