NZ dollar gains as traders eye trans-Tasman interest rate tracks

Tue, 21 Jul 2015

By Paul McBeth July 21 (BusinessDesk) - The New Zealand dollar gained as investors weighed up the prospects for rate cuts on both sides of the Tasman ahead of the Reserve Bank of New Zealand's review on Thursday and after minutes to Australia's last review were interpreted as having a more pronounced easing bias. The kiwi gained to 65.90 US cents at 5pm in Wellington from 65.67 cents at 8am and 65.61 cents yesterday. It advanced to 89.60 Australian cents from 89.12 cents yesterday. Traders have priced in an outside chance New Zealand's...

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