NZ dollar heads for 1.4 percent weekly gain vs. A$ on divergent economies; US jobs data loom

Fri, 06 Dec 2013

By Paul McBeth Dec. 6 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent weekly gain against its Australian counterpart as the divergence between the neighbouring economies becomes clearer, ahead of next week’s Reserve Bank of New Zealand policy review. The kiwi rose to 90.45 Australian cents at 5pm in Wellington from 89.16 cents at the start of the week, though down from 90.76 cents yesterday. The local currency fell to 81.92 US cents at 5pm from 82.16 cents at 8am and 82.07 cents yesterday ahead of key US employment figu...

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