NZ dollar gains against Aussie as surveys point to a reviving local economy

Thu, 14 Nov 2013

By Tina Morrison Nov. 15 (BusinessDesk) – The New Zealand dollar advanced against the Aussie after positive forward looking surveys yesterday painted a brighter picture for the local economy. The kiwi rose to 88.79 Australian cents at 8am in Wellington, from 88.63 cents at the 5pm market close yesterday. The local currency was little changed at 82.77 US cents from 82.87 cents yesterday. The outlook for the New Zealand economy is picking up, with optimism bolstered by surveys yesterday showing New Zealand manufacturing expanded at its fastes...

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