NZ dollar extends gain against Aussie; Trump slump weighs on Asia

Wed, 22 Mar 2017

By Rebecca Howard March 22 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as the interest rate differential between the countries looks set to persist and as investors were unnerved by the US White House's inability to deliver on its plans. The kiwi traded at 91.78 Australian cents as at 5pm in Wellington, versus 91.40 Australian cents as at 8am and 91.37 cents yesterday. It was at 70.30 US cents from 70.47 cents yesterday. Stocks across Asia fell, following Wall Street's lead, as optimism about US Pre...

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