NZ dollar gains vs. Australian dollar on weak retailing, Chinese manufacturing

Mon, 03 Sep 2012

By Paul McBeth Sept. 3 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after figures showed dwindling retail sales across the Tasman and as China, Australia's biggest buyer of raw materials, reported tepid manufacturing activity. The kiwi climbed to 77.92 Australian cents at 5pm in Wellington from 77.82 cents at 8am and 77.73 cents on Friday in New York. The kiwi was little changed at 80.08 US cents at 5pm from 79.95 cents at 8am, down from 80.32 cents last week. The Australian dollar fell after government...

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