NZ dollar pares losses against Aussie as sell-off looks overdone

Thu, 20 Jul 2017

By Rebecca Howard July 20 (BusinessDesk) - The New Zealand dollar touched a fresh three-month low against the Australian dollar after strong Aussie jobs numbers, but pared some of its losses over the course of the day. The kiwi was trading at 92.51 Australian cents at 5pm versus 92.40 Australian cents at 8.30am in Wellington and 92.77 cents late yesterday. The New Zealand dollar was little changed at 73.45 US cents from 73.52 cents. "It had a bit of a spike down against the Aussie but then that got taken back," said Westpac Bank senio...

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