NZ dollar gains against Aussie after RBA minutes show no case for cash rate change

Tue, 20 Nov 2018

By Rebecca Howard Nov. 20 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after minutes from the Reserve Bank of Australia reinforced expectations that the chances of near-term rate rises are low. The kiwi traded at 94.03 Australian cents at 5pm in Wellington from 93.73 Australian cents at 8am and 93.68 cents late yesterday. It was at 68.51 US cents from 68.52 cents yesterday. "Taking account of the available information on current economic and financial conditions, as well as the latest forecasts, me...

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