NZ dollar gains vs. Aust ahead of confidence surveys which may highlight differences

Mon, 07 Oct 2013

By Tina Morrison Oct. 8 (BusinessDesk) – The New Zealand dollar advanced against its Australian counterpart ahead of business confidence surveys in both countries today which may show the divergent paths of the two economies. The kiwi rose to 88.22 Australian cents at 8am in Wellington from 87.95 cents at the 5pm market close yesterday. The local currency advanced to 83.30 US cents from 82.85 yesterday. The New Zealand Institute of Economic Research’s Quarterly Survey of Business Opinion Survey in New Zealand today is expected to show busin...

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