NZ dollar slips vs. Aussie on strong China growth; dairy auction looms

Wed, 15 Jul 2015

By Paul McBeth July 15 (BusinessDesk) - The New Zealand dollar slipped against its trans-Tasman counterpart after official data showed China's economy grew more than expected in the second quarter, to the potential benefit of Australia's economy, which is more exposed to the world's most populous nation. The kiwi fell to 89.76 Australian cents at 5pm in Wellington from 89.86 cents yesterday. The local currency was little changed at 67.03 US cents from 67.04 cents at 8am, and up from 66.73 cents yesterday. China's gross domestic produ...

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