NZ dollar little changed vs. Australian counterpart as pessimism grows across the Tasman

Wed, 29 Aug 2012

By Paul McBeth Aug. 29 (BusinessDesk) - The New Zealand dollar inched up against its Australian counterpart as pessimism grows about the strength of Australia’s economy after tepid house sales yesterday and rising fears the resources boom may come to an end. The kiwi traded at 77.55 Australian cents at 5pm in Wellington from 77.49 cents at 8am and down from 77.92 cents yesterday. It was little changed at 80.46 US cents from 80.45 cents at 8am and 80.71 cents yesterday. The Australian dollar fell 0.2 percent to US$1.0367 as investors wound...

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