NZ dollar holds near three-year high vs. A$ as China becomes biggest trading partner

Fri, 26 Apr 2013

By Paul McBeth April 26 (BusinessDesk) - The New Zealand dollar held near a three-year high against the Australian dollar after figures showed China has become the country's biggest trading partner, beating the kiwi’s Anzac cousin. The kiwi traded at 82.70 Australian cents at 5pm in Wellington from 82.65 cents yesterday, having climbed as high as 82.85 cents. The local currency rose to 85.30 US cents at 5pm from 84.77 cents at 8am, from 85.23 cents in Asia yesterday. Exports to China jumped 32 percent to $2.3 billion and imports rose 2.8 p...

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