NZ dollar holds steady; RBA leaves cash rate unchanged

By Jenny Ruth | Tue, 03 Dec 2019


The New Zealand dollar was little changed after the Reserve Bank of Australia left interest rates unchanged, as expected, and after weaker-than-expected US manufacturing data. The kiwi was trading at 65.06 US cents at 5pm in Wellington from 65.02 cents at 8am and 64.46 cents Monday night, breaking out of the narrow 63.80 to 64.50 range it has traded within for weeks. The trade-weighted index was at 72.01 points from 71.97. The US Institute for Supply Management index fell to 48.1, from 48.3 in October. A reading below 50 indicates contrac...