NZ dollar rises vs Aussie as Australian economic growth misses expectations

Wed, 06 Dec 2017

By Rebecca Howard Dec. 6 (BusinessDesk) - The New Zealand dollar rose against the Aussie dollar after figures showed the Australian economy grew at a slower-than-expected pace in the third quarter. The kiwi traded at 90.93 Australian cents as at 5pm in Wellington from 90.21 cents late yesterday. It traded at 68.96 US cents versus 69.07 cents yesterday. Australia's economy grew 0.6 percent in the third quarter and 2.8 percent on the year, government figures showed. Economists polled by Bloomberg had expected growth of 0.7 percent on q...

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