NZ dollar gains vs. Aussie amid concerns about Chinese slowdown

Wed, 06 Jan 2016

By Tina Morrison Jan. 7 (BusinessDesk) - The New Zealand dollar advanced against the Australian dollar as investors deemed Australia's commodity exports would be harder hit by a slowdown in China than New Zealand's. The kiwi jumped to 93.98 Australian cents at 8am in Wellington, from 93.30 cents at 5pm yesterday. The local currency fell to 66.29 US cents from 66.53 cents yesterday. For currency markets, the year so far has been dominated by jitters about the slowing Chinese economy. China allowed the yuan to weaken further yesterday, s...

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