NZ dollar pares slide vs. yen on Australian home loan data, domestic outlook

Wed, 09 Apr 2014

April 9 (BusinessDesk) - The New Zealand dollar rose from a two-week low against the yen, tracking the Australian dollar higher after stronger-than-expected home loan data across the Tasman lifted confidence about the Australian economy. The kiwi rose to 88.81 yen as at 5 pm in Wellington, having fallen as low as 88 yen at the start of the day and from 88.86 yen late yesterday. The local currency edged up to 87.02 US cents from 86.71 cents at 8am and 86.31 cents yesterday. The kiwi and the Australian dollar rebounded against the yen after Au...

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