NZ dollar climbs a little on poor Australian housing data

Fri, 03 May 2019

By Jenny Ruth May 3 (BusinessDesk) - The New Zealand dollar firmed slightly after further bad news about Australia’s housing market but ended down on the week as investors bet on the chance of a rate cut. The kiwi was trading at 66.22 US cents at 5pm in Wellington from 66.15 at 9am. It was at 94.64 Australian cents from 94.46 and the trade-weighted index was at 72.32 points from 72.27. The currency has dropped from 69.59 US cents in New York last Friday. Figures earlier today showed Australia’s dwelling approvals fell 15.5 percent i...

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