NZ dollar gains vs. Aust dollar after data points to diverging economies

Thu, 26 Feb 2015

By Paul McBeth Feb. 26 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after economic data from the two nations pointed to diverging fortunes for their respective economies. The kiwi rose to 96.22 Australian at 5pm in Wellington from 95.53 cents yesterday. It advanced to 75.62 US cents from 75.46 cents at 8am, and 75.29 cents yesterday. New Zealand government figures showed an unexpected trade surplus in January and a new record gain in annual net migration as fewer New Zealanders depart for Australia...

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