NZ dollar declines to week low against Australian dollar on optimism about Chinese economy

Sun, 11 Aug 2013

By Tina Morrison Aug. 12 (BusinessDesk) – The New Zealand dollar declined to a week low against its Australian counterpart on optimism about economic growth in China, Australia’s largest trading partner. The kiwi slipped as low as 87.17 Australian cents this morning, and traded at 87.20 Australian cents at 8am in Wellington, from 87.68 cents on Friday. The local currency was little changed at 80.34 US cents from the New York close of 80.43 cents, and from 79.93 on Friday in Wellington. The New Zealand dollar, which has appreciated 13 percen...

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