NZ dollar falls vs. Aussie, gains against greenback after upbeat Australian figures

Tue, 11 Feb 2014

Feb. 11 (BusinessDesk) – The New Zealand dollar weakened against the Australian dollar as improved business confidence and signs of a pickup in housing reduced the prospects of interest rates cuts across the Tasman. The kiwi fell to 92.11 Australian cents at 5pm in Wellington, from 92.31 cents at the start of the day and down from 92.54 cents yesterday. The New Zealand dollar rose to 82.96 US cents from 82.62 cents at 8am and from 82.75 cents yesterday. National Australia Bank’s survey showed business confidence rose to +8 in January from +6...

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