NZ dollar gains vs Aussie after weak 4Q business investment data in Australia

Thu, 23 Feb 2017

By Rebecca Howard Feb. 23 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar on the back of some weak business investment data across the Tasman and gained against the greenback. The kiwi rose to 93.65 Australian cents as at 5pm in Wellington from 93.22 Australian cents at the start of the day and from 93.14 cents late yesterday after figures showed Australian firms scaled back investment spending more sharply than expected in the fourth quarter, leading some economists to lower their forecasts for fourth-quarter...

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