NZ, Australian dollars rise on Chinese data, easing Syria tensions

Tue, 10 Sep 2013

By Tina Morrison Sept 11 (BusinessDesk) – The New Zealand and Australian dollars advanced as investors took heart from improving Chinese data and easing tensions over Syria. The kiwi touched a three-week high of 80.75 US cents early this morning, and traded at 80.64 cents at 8am in Wellington, from 80.44 cents at the 5pm market close yesterday. The Australian dollar rose to an 11-week high of 93.19 US cents this morning. Stronger-than-expected industrial output and retail sales data in China bolstered optimism about growth prospects for the...

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