NZ dollar falls vs. A$ after strong Australian trade, retail figures

Thu, 06 Mar 2014

By Paul McBeth March 6 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after stronger than expected Australian trade and retail data sapped enthusiasm for the nation’s central bank to cut interest rates. The kiwi fell to 93.38 Australian cents at 5pm in Wellington from 93.63 cents yesterday. It traded at 84.19 US cents at 5pm from 84.22 cents at 8am, up from 83.90 cents yesterday. Australian retail sales grew 1.2 percent in January, beating estimates for 0.5 percent growth, and it posted a trade surplus o...

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