NZ dollar little changed as Australian GDP shows healthy household consumption

Wed, 04 Mar 2015

By Paul McBeth March 4 (BusinessDesk) - The New Zealand dollar was little changed after figures showed Australia's economy got a boost from increased consumer spending, offsetting the decline in its resources sector. The kiwi traded at 75.55 US cents from 75.58 cents at 8am, up from 75.26 cents yesterday. The local currency increased to 96.59 Australian cents from 96.35 cents yesterday. Australian Bureau of Statistics figures showed the country's economy grew 0.5 percent in the three months ended Dec. 31. While that was at the lower en...

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