NZ dollar gains vs Aussie as investors rethink RBA rate hike

Tue, 02 Oct 2018

By Paul McBeth Oct. 3 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after the Reserve Bank of Australia's warning on rising household debt triggered a rethink on the chance of a rate hike next year. The kiwi rose to 91.75 Australian cents as at 8am in Wellington from 91.36 cents yesterday. It slipped to 65.93 US cents from 66.10 cents. The RBA kept the target cash rate at 1.5 percent as expected, however, traders latched on to governor Philip Lowe's reiteration that high household debt and low in...

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