NZ dollar rises to 4-month high vs Aussie on favourable economic outlook

Wed, 31 May 2017

By Jonathan Underhill June 1 (BusinessDesk) - The New Zealand dollar rose to a four-month high against the Australian dollar on optimism the local economic outlook favours the kiwi over its trans-Tasman counterpart. The kiwi traded at 95.19 Australian cents as at 8:30am in Wellington, and earlier touched 95.53 cents, the highest since early February, from 95.09 cents late yesterday. It traded little changed at 70.82 US cents from 70.85 cents. The trade-weighted index slipped to 76.41 from 76.57. Evidence that the New Zealand economy is...

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