NZ dollar gains vs Aussie as kiwi comes back into favour on cross trade

Mon, 29 May 2017

By Jonathan Underhill May 29 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart on speculation that a relatively stronger domestic economy and lack of exposure to international commodity prices such as iron ore favour the kiwi over the Aussie. The kiwi rose to 94.95 Australian cents as at 5pm in Wellington, having started the week at 94.68 cents from 94.96 cents in New York on Friday. The kiwi pared its gains against the US dollar, trading at 70.67 US cents from 70.44 cents at 8am in Wellington and from 70.71...

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