NZ dollar slides to 3-month low vs. Aussie after upbeat Australian GDP report

Wed, 02 Mar 2016

By Tina Morrison March 3 (BusinessDesk) - The New Zealand dollar touched a three-month low against its trans-Tasman counterpart after better-than-expected Australian growth data prompted traders to push out expectations for further interest rate cuts in Australia. The kiwi reached 90.97 Australian cents, and was trading at 91.02 cents at 8am in Wellington, from 91.69 cents at 5pm yesterday. The local currency advanced to 66.42 US cents from 66.24 cents yesterday, having touched a low of 65.90 cents overnight following stronger than expect...

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