NZ dollar gains vs. Aust after soft Chinese manufacturing figures

Thu, 02 May 2013

By Paul McBeth May 2 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart in local trading after soft Chinese manufacturing figures weighed more heavily on Australia, with both countries increasingly reliant on exporting commodities to the world's second biggest economy. The kiwi rose to 82.86 Australian cents at 5pm in Wellington from as low as 82.41 cents, and 82.69 cents yesterday. The local currency was little changed at 84.91 cents at 5pm from 84.83 cents at 8am, down from 85.73 cents yesterday. The fin...

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