NZ dollar drops to six-month low vs. Aust as growth accelerates across the Tasman

Wed, 04 Jun 2014

By Paul McBeth Jun. 4 (BusinessDesk) - The New Zealand dollar fell to a six-month low against its trans-Tasman counterpart after figures showed an improving Australian economy, on growing exports and accelerating home building. The kiwi tumbled against Papua New Guinea's kina. The kiwi fell as low as 90.70 Australian cents, trading at 90.73 cents at 5pm from 91.25 cents yesterday. It fell to 84.12 US cents from 84.27 cents at 8am and 84.59 cents yesterday. Australia's economy grew 1.1 percent in the first three months of the year, beat...

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