NZ dollar gains against Aussie on Canberra political turmoil

Thu, 23 Aug 2018

By Rebecca Howard Aug. 23 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart as Australian Prime Minister Malcolm Turnbull continued to fight for his job in a fresh leadership challenge. The kiwi traded at 91.43 Australian cents at 5pm in Wellington versus 91.08 Australian cents at 8am and from 91.10 cents late yesterday. It was at 66.68 US cents versus 67.03 US cents yesterday. The kiwi gained favour against the Aussie as Turnbull said he will stand down if a majority of lawmakers in his centre-right p...

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