NZ dollar falls as RBNZ, RBA seen as more dovish

Tue, 19 Nov 2019

The New Zealand dollar fell after comments from the Reserve Bank and its Australian counterpart which the market took to suggest both are more dovish than previously thought. The kiwi was trading at 63.90 US cents at 5pm in Wellington from 64.04 at 8am. The trade-weighted index was at 70.66 from 70.75. First came a speech by Reserve Bank of New Zealand assistant governor Christian Hawkesby. The bank provided no advance notice or speech notes of Hawkesby's comments to a UBS Australia conference, says Mike Shirley, a dealer at Kiwibank....

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