NZ dollar gains against Aussie as Westpac picks two RBA rate cuts

Wed, 24 Jul 2019

By Rebecca Howard July 24 (BusinessDesk) - The New Zealand dollar gained against the Aussie after Westpac Banking Corp's chief economist said he now expects Australia's central bank to cut rates twice more. The kiwi was trading at 95.86 Australian cents at 5pm in Wellington versus 95.70 cents at 8am. It was at 66.95 US cents versus 67.02 cents, and the trade-weighted index eased to 73.39 points from 73.42. Australia’s central bank will lower interest rates twice more and could adopt a package with the second easing to allow lenders to...

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