NZ dollar jumps against Aussie as weaker Australian trade weighs

Wed, 02 Jul 2014

By Tina Morrison Jul. 3 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after weaker than expected Australian trade data weighed on sentiment about the company's growth prospects. The kiwi jumped to 92.92 Australian cents at 8am in Wellington, from 92.58 cents at 5pm yesterday. The local currency advanced to 87.69 US cents from 87.52 cents yesterday. The Australian dollar dropped after a report showed the country's trade deficit unexpectedly widened to A$1.9 billion in May, matching the largest deficit s...

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