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Australia dollar finds some support in RBA hawks, kiwi totters
SYDNEY: The Australian dollar flatlined on Tuesday as a selloff in global risk assets offset a hawkish commentary from the country’s central bank, while its New Zealand counterpart touched lows last seen in April 2025. Minutes of the Reserve Bank of Australia’s last policy meeting showed the board was all-in for a quarter-point rate hike to 4.60% and worried that inflation would still stay too high for too long. Andrew Boak, an economist at Goldman Sachs, judged the minutes as hawkish given the board emphasised concerns about excess demand at home, while hardly mentioning the hikes already del...
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