NZ dollar pares gain after Australian exports data disappoints

Tue, 07 Jan 2014

By Paul McBeth Jan. 7 (BusinessDesk) - The New Zealand dollar pared gains in local trading after figures showed Australian exports were flat in November, disappointing investors who were hoping for growth. The kiwi traded at 82.60 US cents at 5pm in Wellington from 83 cents at 8am and little changed from 82.56 cents yesterday. The trade-weighted index was little changed at 78.18 from 78.14. Australia’s trade deficit narrowed to A$118 million in November from a shortfall of A$358 million a month earlier, and was smaller than expectations d...

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