NZ dollar holds gains against Aussie despite fiscal stimulus

Thu, 04 Jul 2019

By Rebecca Howard July 4 (BusinessDesk) - The New Zealand dollar held its gains against the Aussie despite the Australian government joining the central bank in attempting to jump-start the economy there. The kiwi was trading at 95.27 Australian cents at 5pm from 95.29 cents at 8am. The kiwi was at 67.05 US cents from 67.04 this morning. Lawmakers in Australia's minority senate agreed to tax cuts worth A$158 billion that will help to stimulate a sluggish economy. Today's agreement has cleared the way for a vote that should see low-to-...

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