NZ dollar rises against Aussie as business confidence there weakens

Tue, 09 Jul 2019

By Rebecca Howard July 9 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after weak business confidence data across the Tasman. The kiwi was trading at 95.19 Australian cents at 5pm from 94.95 cents at 8am. It was at 66.29 US cents from 66.20 cents. National Australia Bank’s index of business conditions rose 2 points to +3 index points, reversing a decline in May. In contrast, the survey’s measure of business confidence retraced its gains and fell 5 points to +2 index points in June. “Overall, the sur...

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