NZD slightly weaker against Aussie after Liberals' surprise victory

Sun, 19 May 2019

By Rebecca Howard May 20 (BusinessDesk) - The New Zealand dollar was slightly weaker against its trans-Tasman counterpart - and may come under more pressure - after Australia's centre-right government won a surprise election victory over the weekend. The kiwi was trading at 94.27 Australian cents at 8am versus 94.35 Australian cents late Friday in New York. It was at 94.93 Australian cents at 5:05pm in Wellington Friday. Despite trailing in most opinion polls, Australia's Prime Minister Scott Morrison waged a relentless attack on th...

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