NZ dollar back above 99 cents Aussie, reigniting parity talk

Wed, 15 Apr 2015

By Tina Morrison April 15 (BusinessDesk) - The New Zealand dollar jumped half a cent against the Australian dollar, moving above 99 Australian cents and sparking renewed speculation of parity, after weaker Chinese economic data weighed on the Australian dollar. The kiwi rose as high as 99.11 Australian cents, from 98.51 cents immediately before China released economic activity indicators for March, which were weaker than expected, at 2pm New Zealand time. It recently traded at 99.07 Australian cents. The Australian dollar dropped after...

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