New Zealand dollar rises from 4-month low vs Aussie, sticks to tight range

Mon, 13 Feb 2017

By Rebecca Howard Feb. 13 (BusinessDesk) - The New Zealand dollar bounced from a four-month low against the Australian dollar as some investors found the levels attractive after a sharp sell-off last week. The kiwi rose to 93.92 Australian cents as at 5pm in Wellington from 93.55 Australian cents at 8am and 93.66 cents in late New York trading on Friday. New Zealand's currency was still 1.2 percent lower against its trans-Tasman counterpart from a week earlier as rising commodity prices and a rosier economic outlook from the Reserve Ba...

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