NZ dollar sticks to tight range; RBA's Debelle takes wait-and-see approach

Wed, 10 Apr 2019

By Rebecca Howard April 10 (BusinessDesk) - The New Zealand dollar was largely unchanged in local trading after Reserve Bank of Australia deputy governor Guy Debelle indicated an open mind on the nation's interest rate outlook. The kiwi briefly dipped against its trans-Tasman counterpart after Debelle's speech and traded at 94.56 Australian cents at 5 pm in Wellington from 94.58 cents at 8 am. It traded at 67.51 US cents from 67.43 cents. Debelle told a business audience in Adelaide that conflicting economic trends will determine the o...

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