NZ dollar rises

new zealand dollar 1The New Zealand has risen against the Australian dollar after Reserve Bank of Australia governor Philip Lowe opened the door to a rate cut.

The local currency traded at 96.01 Australian cents at 0800 in Wellington from yesterday’s 95.25 late. It was at 68.30 US cents from 68.92 late yesterday in New York.

The kiwi is trading at 52.76 British pence from 53.24 in New York Wednesday, at 60.08 euro pence from 60.37, at 75.11 yen from 75.78 and at 4.6059 Chinese yuan from 4.6470.

The trade-weighted index was at 74.00 from 74.06.

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