NZ dollar falls vs Aussie, gains against greenback

Wed, 19 Jul 2017

By Rebecca Howard July 19 (BusinessDesk) - The New Zealand dollar extended its slide against the Aussie but some market participants say it may reverse course and rise in the medium term if the Reserve Bank begins raising interest rates ahead of its counterpart across the Tasman. The kiwi was trading at 92.77 Australian cents as at 5pm in Wellington from 92.85 cents late yesterday. The New Zealand dollar rose to 73.52 US cents versus 73.38 yesterday. The kiwi fell against the Australian dollar yesterday after minutes of the last Reserv...

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