NZ dollar holding firm against Aussie but may have topped out

Wed, 28 Mar 2018

By Rebecca Howard March 28 (BusinessDesk) - The New Zealand dollar remained firm against the Australian dollar as the outlook for iron ore continued to weigh on sentiment across the Tasman. The kiwi traded at 94.40 Australian cents as at 5pm versus 94.52 Australian cents as at 8am and 94.14 cents yesterday. It was at 72.69 US cents from 72.88 cents late yesterday. Investors sought the kiwi after Miner Fortescue Metals said it is expecting to receive a lower price for its iron ore as conditions in China remain unfavourable and global t...

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