NZ dollar pushes higher against Aussie ahead of RBA decision

Mon, 01 Jul 2019

By Rebecca Howard July 1 (BusinessDesk) - The kiwi dollar rose against its trans-Tasman counterpart ahead of the Reserve Bank of Australia’s rate decision tomorrow but the gains were tempered by weak data out of China. The kiwi was trading at 95.76 Australian cents at 5pm in Wellington from 95.54 cents at 8am. It was at 67.09 US cents from 67.19 cents this morning and the trade-weighted index was at 73.09 from 73.22 The Reserve Bank of Australia is widely expected to cut its cash rate by 25 basis points to a new record low of 1 percent...

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