NZ dollar little changed; RBA's Lowe says he's prepared to cut rates

Thu, 25 Jul 2019

By Jenny Ruth July 25 (BusinessDesk) - The New Zealand dollar was little changed after receiving a boost in the middle of the day after Reserve Bank of Australia governor Philip Lowe said he’s prepared to ease monetary policy further if needed. The kiwi was trading at 66.95 US cents at 5pm in Wellington from 67.07 cents at 8am, which was also the day’s high. The trade-weighted index eased to 73.39 points from 73.50. “If demand growth is not sufficient, the board is prepared to provide additional support by easing monetary policy furthe...

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