NZ dollar gains vs. Australian dollar after weaker GDP, dairy prices rise

Wed, 02 Sep 2015

By Paul McBeth Sept. 2 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after data showed slowing economic growth in Australia, while a pick-up in dairy prices soothed concerns about the local export outlook. The kiwi rose to 90.46 Australian cents at 5pm in Wellington from 89.41 cents yesterday. It traded at 63.62 US cents from 63.31 cents at 8am, and little changed from 63.74 cents yesterday. Australia's gross domestic product grew 0.2 percent in the three months ended June 30, according to the Bureau of S...

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