NZ dollar holds above 99 Australian cts on weak consumer confidence, China GDP

Wed, 15 Apr 2015

By Jonathan Underhill April 15 (BusinessDesk) - The New Zealand dollar held above 99 Australian cents, putting it back within reach of parity, after a decline in Australian consumer confidence and the weakest Chinese growth in six years weighed on the Aussie dollar. The kiwi traded at 99.04 Australian cents at 5pm in Wellington, from 98.51 cents immediately before China released economic activity indicators for March, and from 98.24 cents late yesterday. The local dollar rose to 75.20 US cents from 74.61 cents yesterday. The Melbourne...

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