NZ dollar gains vs. Australian as investors prepare for slower growth across the Tasman

Wed, 05 Sep 2012

By Paul McBeth Sept. 5 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after economic figures showed the pace of growth across the Tasman just skimming below expectations and concerns China’s demand for the nation's resources is slowing. The kiwi rose to 77.87 Australian cents at 5pm in Wellington from at 77.59 cents at 8am and 77.65 cents yesterday. It fell to 79.44 US cents from 79.74 cents yesterday. Australian gross domestic product grew 0.6 percent in the three months ended June 30, according to gover...

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