NZ dollar trades near 2019 low on Aussie rate outlook, China worries

Wed, 22 May 2019

By Jenny Ruth May 22 (BusinessDesk) - The New Zealand dollar was little changed as investors bet on an Australian rate cut in June, continue to fret about the United States-China trade war and as elections for the European Parliament get underway in 28 countries. The kiwi was trading at 64.97 US cents at 5pm in Wellington, just above the day’s low at 64.95, and down from 65.05 at 7:45am. The trade-weighted index fell to 71.81 points from 71.85. Derek Rankin of Rankin Treasury Services says the domestic currency is at its lowest level t...

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