NZ dollar loses momentum vs Aussie as Morrison wins PM vote

Fri, 24 Aug 2018

By Rebecca Howard Aug. 24 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent gain against the Australian dollar, losing some momentum after Scott Morrison won the caucus vote to be prime minister. The kiwi traded at 91.20 Australian cents at 5pm in Wellington versus 91.53 cents at 8am and 91.43 cents yesterday. It traded at 90.61 Australian cents last Friday in New York. It fell to 66.41 US cents from 66.68 cents yesterday and was largely unchanged from 66.36 last Friday in New York. The Australian dollar fell shar...

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