NZ dollar rises against Aussie after domestic terms of trade rises to record and Aussie capex disappoints

Thu, 01 Mar 2018

By Rebecca Howard March 1 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after domestic terms of trade data surprised on the upside while Australia's private sector capital expenditure fell short of expectations. The kiwi continued to lose ground against the greenback. The kiwi traded at 93.18 Australian cents as at 5pm in Wellington versus 92.58 Australian cents and from 92.72 cents yesterday. It traded at 72.04 US cents versus 72.24 cents yesterday. According to the Australian Bureau of Statistics, capex...

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