NZ dollar gains vs Aussie as RBA wary on housing; dairy auction, RBNZ in focus

Tue, 21 Mar 2017

By Rebecca Howard March 21 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after Australia's central bank warned of growing risks in the housing market in its latest minutes. The kiwi rose to 91.37 Australian cents from 91.14 cents late yesterday. It was at 70.47 US cents from 70.37 cents. According to the Reserve Bank of Australia, "recent data continued to suggest that there had been a build-up of risks associated with the housing market." Also, "borrowing for housing by investors had picked up over rece...

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