NZ dollar gains vs Aussie after drop in Australian retail sales

Mon, 03 Apr 2017

By Jonathan Underhill April 3 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after figures showed Australian retail sales unexpectedly fell in February, raising concerns about whether households across the Tasman are robust enough to drive economic growth. The kiwi dollar traded at 92.02 Australian cents as at 5pm in Wellington from 91.57 cents at the start of the day and from 91.78 cents on Friday in New York. The kiwi traded at 70.03 US cents from 70.08 cents in New York last week. Australian figures...

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