NZ dollar continues to gain against Aussie

Thu, 02 Jun 2016

By Tina Morrison June 3 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as divergent interest rates and a weaker Australian economy prompt investors to favour the kiwi. The kiwi hit 94.42 Australian cents overnight, almost matching the three-month high of 94.43 cents reached the previous night. The local currency was trading at 94.14 Australian cents at 8am in Wellington, from 94.10 cents at 5pm yesterday. It slipped to 67.98 US cents from 68.15 cents. The New Zealand dollar has gained 6 percent against th...

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