NZ dollar climbs against AUD after dovish RBA minutes

Tue, 16 Apr 2019

By Jenny Ruth April 16 (BusinessDesk) - The New Zealand dollar was a little weaker against the greenback but stronger against the Australian dollar on signs it won't take much for the central bank there to cut interest rates. The kiwi was trading at 67.58 US cents at 5pm in Wellington from 67.72 at 8am and at 94.52 Australian cents from 94.27. Peter Cavanaugh, the senior client advisor at Bancorp Treasury Services, says currency markets reacted immediately to the minutes from the Reserve Bank of Australia's last meeting and the New Zea...

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