NZ dollar falls after RBA governor flags potential rate cut

NZ dollar falls after RBA governor flags potential rate cut
Jenny Ruth
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...

More Policy

Minister's $200m tobacco tax cut bypasses Cabinet requirements
Policy

Minister's $200m tobacco tax cut bypasses Cabinet requirements

Researchers say there's more evidence to support the repealed Smokefree policies.

Jem Traylen 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Health's 'hard reset', help wanted busting red-tape, and more...
Policy Business of Government

Health's 'hard reset', help wanted busting red-tape, and more...

Our weekly roundup of public sector news and analysis.

Jem Traylen 24 Jul 2024