NZ dollar gains vs Aussie after disappointing economic growth in Australia

Wed, 05 Dec 2018

By Rebecca Howard Dec. 5 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after rate hikes across the Tasman look even more distant in the wake of disappointing third-quarter economic growth. The kiwi traded at 94.73 Australian cents at 5pm versus 94.39 cents at 8am, a level that was unchanged from yesterday. It was at 69.16 US cents from 69.54 cents yesterday. Australia's gross domestic product expanded 0.3 percent in the three months through September from the prior quarter, and 2.8 percent from a year...

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