NZ dollar falls against Aussie after strong GDP across the Tasman

Wed, 06 Jun 2018

By Rebecca Howard June 6 (BusinessDesk) - The New Zealand dollar fell against the Aussie after figures showed Australia's economy recorded its strongest annual expansion in nearly two years. The kiwi fell to 91.90 Australian cents as at 5pm from 92.26 Australian cents as at 8am in Wellington from 91.95 cents late yesterday. The kiwi traded at 70.39 US cents from 70.22 cents yesterday. Gross domestic product grew 1.0 percent in the first quarter, and by 3.1 percent from a year earlier, the Australian Bureau of Statistics said. The las...

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