NZ dollar follows Aussie higher as upbeat Australian data stokes antipodean demand

Thu, 03 Mar 2016

By Paul McBeth March 3 (BusinessDesk) - The New Zealand dollar followed its trans-Tasman counterpart higher as better than expected Australian trade figures followed on yesterday's upbeat data, and fuelled demand for the two currencies. The kiwi rose to 66.76 US cents at 5pm in Wellington from 66.42 cents at 8am and 66.24 cents yesterday. The Australian dollar climbed to 72.99 US cents from 72.23 cents yesterday, and the kiwi fell to 91.40 Australian cents from 91.69 cents yesterday. Australia's trade deficit was smaller than expecte...

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