NZ dollar back over 99 cents Aussie as RBA raises rate cut prospect

Mon, 20 Apr 2015

By Tina Morrison April 21 (BusinessDesk) - The New Zealand dollar gained against the Aussie after Reserve Bank of Australia governor Glenn Stevens raised the prospect of an interest rate cut as early as next month to bolster a weak economy. The kiwi touched 99.27 Australian cents overnight, and was trading at 99.08 cents at 8am in Wellington, from 98.69 cents at 5pm yesterday. The local currency slipped to 76.54 US cents from 77.01 cents yesterday. Stevens, speaking at a luncheon of the American Australian Association in New York, said...

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