NZ dollar higher against Aussie after disappointing Australian GDP

Wed, 06 Mar 2019

By Rebecca Howard March 7 (BusinessDesk) - The New Zealand dollar was higher against the Australian dollar after disappointing fourth-quarter gross domestic product data across the Tasman. The kiwi traded at 96.38 Australian cents at 8am in Wellington from 96.12 cents at 5pm in Wellington. It was at 67.71 US cents from 67.61 cents. Australia’s economy grew 0.2 percent in the December quarter, lower even than downgraded expectations of 0.3 percent and taking the annual growth rate to 2.3 percent. "AUD lost ground to the kiwi overnigh...

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