NZ dollar falls vs. Australia’s currency after Australia posts robust GDP

Wed, 06 Jun 2012

By Hannah Lynch June 06 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the nation’s biggest trading partner posted first-quarter gross domestic product that grew more than twice the pace economists had predicted. The New Zealand dollar fell to 77.33 Australian cents at 5pm from 77.60 cents immediately before the growth figures were released. The kiwi rose to 76.22 US cents from 75.59 cents at 8am. Australian GDP expanded 1.3 percent in the three months ended March 31, according to government data. That's mo...

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