NZ dollar follows A$ higher after upbeat business confidence; central banks loom

Tue, 28 Jan 2014

By Paul McBeth Jan. 28 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after an upbeat business confidence survey across the Tasman, and ahead of the Reserve Bank and Federal Reserve meetings later this week. The kiwi rose to 82.73 US cents at 5pm in Wellington from 82.29 cents at 8am and 82.22 cents yesterday. The kiwi slipped to 94.06 Australian cents from 94.25 cents yesterday. Australian business conditions improved on rising sales and profitability in December, matching increasing optimism among fir...

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