NZ dollar gains against Aussie on increased odds of RBA rate cut

Thu, 13 Jun 2019

By Jenny Ruth June 13 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after mixed jobs data drove Australian wholesale interest rates to record lows. The kiwi was trading at 95.08 Australian cents at 5pm in Wellington from 94.83 at 8am and 94.50 at 5pm yesterday. The domestic currency was otherwise unchanged at 65.70 US cents and the trade-weighted index little changed at 72.22 points from 72.21. The Australian data showed 42,300 jobs were added in May, more than double economists’ expectations of 16,000, a...

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