NZ dollar heads for 1.1 percent fall vs. Aust dollar as trans-Tasman fortunes reverse

Fri, 15 Mar 2013

By Paul McBeth March 15 (BusinessDesk) - The kiwi dollar is heading for a 1.1 percent weekly decline against its Australian counterpart as the fortunes of the neighbouring countries trade places with the gloomy pall lifting from Australia and settling over New Zealand. The local currency rose to 79.12 Australian cents at 5pm in Wellington from 78.84 cents yesterday, clawing back some of yesterday's sell-off after better-than expected jobs data across the Tasman. The kiwi fell to 82.05 US cents from 82.14 cents at 8am and was up from 81.78 ce...

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