NZ dollar falls as Aussie consumer sentiment weakens

Wed, 13 Mar 2019

By Jenny Ruth March 13 (BusinessDesk) - The New Zealand dollar fell, dragged lower with the Australian dollar on signs consumer sentiment is weakening across the Tasman. The kiwi was trading at 68.39 US cents at 5pm in Wellington from 68.72 at 7.45am and at 96.93 Australian cents from 96.95. Intra-day, the currency rose as high as 97.11 Australian cents. “New Zealand above 97 was too attractive for many people,” says Peter Cavanaugh, senior client adviser at Bancorp Treasury Services, but the major factor was the consumer confidence nu...

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