NZ dollar mixed after RBA says its ready to cut rate if necessary

Tue, 17 Sep 2019

By Jenny Ruth Sept. 17 (BusinessDesk) - The New Zealand dollar was mixed after being dragged lower with its trans-Tasman counterpart after the Reserve Bank of Australia said it stands ready to cut interest rates again should that prove necessary. The kiwi was trading at 63.31 US cents at 5:05pm in Wellington from 63.42 at 8am while the trade-weighted index was at 70.37 points from 70.36. It rose against the Australian dollar to 92.61 cents from 92.37. The RBA today released the minutes of its last meeting on Sept. 3, when it held its c...

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