NZ dollar falls vs Aussie on strong Australian GDP; Trump buoys greenback

Wed, 01 Mar 2017

By Rebecca Howard March 1 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after strong economic growth figures across the Tasman and lost ground against the greenback as the market seemed to shrug off a lack of detail in US President Donald Trump's speech to the Joint Session of Congress. The local currency fell to 93.23 as at 5pm Australian cents from 94.02 as at 8am and 93.47 cents late yesterday after Australia's economy grew 1.1 percent in the three months through December, beating economists forecasts....

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