NZ dollar falls on weaker than expected Australian GDP, strong greenback

Wed, 03 Dec 2014

By Paul McBeth Dec. 3 (BusinessDesk) - The New Zealand dollar followed its trans-Tasman counterpart lower after weaker than expected Australian economic data weighed on the outlook for the two, and as investors continued to back the greenback. The kiwi fell to 77.71 US cents at 5pm in Wellington from 77.91 cents at 8am, down 78.76 cents yesterday. The currency was little changed at 92.56 Australian cents from 92.53 cents yesterday. The Australian dollar dropped almost three-quarters of a US cent, and was trading at 83.92 US cents, afte...

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