NZ dollar gains against Aussie after weak Australian construction data

Wed, 21 Feb 2018

By Rebecca Howard Feb. 21 (BusinessDesk) - The New Zealand dollar gained against the Aussie after a weak construction survey across the Tasman offset stronger-than-expected Australian wages growth. The local currency continued to lose ground against the greenback. The kiwi traded at 93.31 Australian cents as at 5pm in Wellington versus 93.07 Australian cents as at 8am and from 92.98 cents late yesterday. The kiwi declined to 73.34 US cents from 73.56 cents late yesterday. The Aussie initially got a lift when the Australian Bureau of St...

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