NZ dollar falls after weak Australian December quarter GDP data

Wed, 06 Mar 2019

By Jenny Ruth March 6 (BusinessDesk) - The New Zealand dollar fell, dragged in the wake of the Australian dollar after fourth-quarter GDP across the Tasman came in weaker than expected. The kiwi was trading at 67.61 US cents at 5pm in Wellington from 68.01 cents at 8am in Wellington. The trade-weighted index eased to 73.49 points from 73.76. The Australian dollar fell to its lowest level in more than two months after Australia’s GDP came in at 0.2 percent for the December quarter, lower even than downgraded expectations of 0.3 percent...

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