NZ dollar gains from 3-month low before Australian GDP, MPS

Tue, 03 Jun 2014

By Jonathan Underhill June 3 (BusinessDesk) - The New Zealand dollar gained from a three-month low on speculation the kiwi will benefit along with the Australian dollar from what is expected to be stronger Australian economic growth data tomorrow. The kiwi traded at 84.57 US cents at 5pm in Wellington from as low as 84.37 cents at the start of the day and from 84.68 cents late yesterday. The New Zealand dollar slipped to 91.29 Australian cents from 91.36 cents at 8am and from 91.45 cents yesterday. Figures tomorrow will show the Austr...

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