NZ dollar falls vs Aussie as Australian economic growth beats expectations

Wed, 05 Sep 2018

By Rebecca Howard Sept. 5 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after better-than-expected Australian economic growth fuelled predictions of a widening interest divergence between the neighbouring nations. The kiwi declined to 91.16 Australian cents at 5pm in Wellington from 91.32 cents yesterday. It held near a 30-month low against the greenback, trading at 65.55 US cents from 65.96 cents yesterday, as South Africa's recession reignited fears over emerging economies. Bureau of Statistics fi...

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