NZ dollar edges down after RBA maintains its 3% GDP forecast

Tue, 05 Mar 2019

By Jenny Ruth March 5 (BusinessDesk) - The New Zealand dollar is slightly weaker after trying to rally with its trans-Tasman counterpart after the Reserve Bank of Australia held its cash rate steady and maintained its 3 percent growth forecast for Australia’s economy this year. The kiwi was trading at 67.98 US cents at 5pm in Wellington from 68.18 at 8am, and at 96.07 Australian cents from 96.19. The trade-weighted index was at 73.76 points from 73.94. The RBA said Australia’s economy slowed over the second half of 2018 but that the gr...

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