NZ dollar dips vs. Aust as Chinese trade figures beat expectations

Thu, 08 Aug 2013

By Paul McBeth Aug 8 (BusinessDesk) - The New Zealand dollar declined against its trans-Tasman counterpart after Chinese trade figures beat expectations, stoking optimism Australia’s biggest trading partner won’t slow any further. The kiwi fell to 87.68 Australian cents at 5pm in Wellington from 88.04 cents yesterday. The local currency traded at 79.60 US cents at 5pm from 79.56 cents at 8am, up from 74.66 cents yesterday. China’s exports rose 5.1 percent and imports 10.9 percent last month, resulting in a US$17.8 billion trade surplus, a...

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