NZ dollar jumps after RBA slashes rates

Tue, 03 Mar 2020

The New Zealand dollar jumped, yanked higher in the wake of the Australian dollar after the Reserve Bank of Australia cut its cash rate in response to the coronavirus. The kiwi was trading at 62.66 US cents at 5pm in Wellington, down from 62.81 cents immediately after the RBA's announcement and from 62.29 cents at the same time yesterday. The trade-weighted index was at 69.82 points from 69.51. The Australian dollar jumped from 65.30 US cents immediately before the announcement to as high as 65.66 cents. The New Zealand dollar was at 95.6...

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