NZD jumps against Aussie on dovish Lowe speech

Wed, 06 Feb 2019

By Rebecca Howard Feb. 7 (BusinessDesk) - The New Zealand dollar gained strongly against the Australian dollar after Reserve Bank of Australia governor Philip Lowe opened the door to a rate cut. The kiwi traded at 96.01 Australian cents at 8am in Wellington versus 95.25 late yesterday in New York and 95.07 Australian cents in Wellington on Tuesday at 5pm. Wednesday was a holiday in New Zealand. It was at 68.30 US cents from 68.92 late yesterday in New York. The Australian dollar took a tumble when Lowe gave a speech acknowledging grow...

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