NZ dollar may rise against Australian dollar on RBA governor’s speech

Mon, 29 Jul 2013

By Tina Morrison July 30 (BusinessDesk) - The New Zealand dollar may extend this year’s 10 percent gain against the Australian dollar should Reserve Bank of Australia governor Glenn Stevens today affirm that a slowing economy justifies further interest rate cuts. The kiwi recently traded at 87.20 Australian cents, little changed from 87.27 cents at the 5pm market close in Wellington yesterday. The local currency weakened to 80.31 US cents, from 80.78 cents yesterday. The New Zealand dollar has surged against its Australian counterpart this y...

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