NZ dollar higher after Lowe comments viewed as less dovish

Mon, 24 Jun 2019

By Rebecca Howard June 24 (BusinessDesk) - The New Zealand dollar gained against the greenback, tracking its Australian counterpart after comments from Reserve Bank of Australian governor Philip Lowe called into question further easing across the Tasman. The kiwi was trading at 65.98 US cents at 5pm in Wellington from 65.89 cents at 8am. The trade-weighted index was at 72.08 from 72.03. Lowe told the Australian National University Crawford Leadership Forum in Canberra today that the effectiveness of global monetary policy was weakening...

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