NZ dollar firms after RBNZ holds rates; eyes on China-US trade talks

Wed, 26 Jun 2019

By Rebecca Howard June 26 (BusinessDesk) - The New Zealand dollar firmed after the central bank kept rates on hold as expected and indicated that more easing was likely to be necessary. The kiwi was trading at 65.52 US cents at 5pm in Wellington from 66.44 US cents at 7:50am in Wellington. The trade-weighted index was at 72.72 from 72.55. The kiwi lifted slightly after the central bank kept rates on hold at 1.5 percent and said a lower OCR may be needed over time "given the weaker global economic outlook and the risk of ongoing subdued...

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