NZ dollar weaker on dovish RBA, softer dairy prices

Tue, 21 May 2019

By Rebecca Howard May 22 (BusinessDesk) - The New Zealand dollar touched its lowest level since early November as signs of a rate cut across the Tasman increased the odds that local rates will go lower and as dairy prices eased. The kiwi was trading at 65.05 at 7:45am after touching 64.98 overnight and down from 65.11 at 5pm yesterday. The trade-weighed index was at 71.85 versus 71.90. Minutes from the latest Reserve Bank of Australia meeting and a speech by governor Philip Lowe "strongly suggest that the RBA will cut interest rates...

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