NZ dollar falls after RBA governor flags potential rate cut

Tue, 21 May 2019

By Jenny Ruth May 21 (BusinessDesk) - The New Zealand dollar fell against the greenback, dragged down by its trans-Tasman counterpart after Reserve Bank of Australia governor Philip Lowe talked about considering a rate cut in two weeks’ time. The kiwi was trading at 65.11 US cents at 5pm in Wellington from 65.32 at 8am and at 94.60 Australian cents from 94.50. The trade-weighted index fell to 71.90 points from 72.08. Westpac senior market strategist Imre Speizer says a spate of Australian news knocked the New Zealand currency around, w...

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