NZ dollar gains vs. Aussie as Chinese manufacturing keeps shrinking

Mon, 01 Feb 2016

By Paul McBeth Feb. 1 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after Chinese manufacturing gauges showed industrial production in the world's second biggest economy was still shrinking last month, and ahead of the Reserve Bank of Australia policy review tomorrow. The kiwi rose to 91.64 Australian cents at 5pm in Wellington from 91.28 cents on Friday in New York. The local currency traded at 64.75 US cents from 64.77 cents at 8am, and 64.69 cents last week. Both the official Chinese purchasin...

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