NZ dollar gains vs. Australian dollar on gloomy capex outlook across the Tasman

Thu, 25 Feb 2016

By Paul McBeth Feb. 25 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after figures painted a gloomy outlook for capital spending in Australia, adding to signs of sluggish growth in its economy. The kiwi rose to 92.68 Australian cents at 5pm in Wellington from 92.48 cents immediately before the release, and 92.16 cents yesterday. The local currency increased to 66.46 US cents from 66.42 cents at 8am and 66.17 cents yesterday. Australia's currency fell after Bureau of Statistics figures showed over...

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