NZ dollar to remain volatile vs Aussie on weak commodities

Mon, 18 Jan 2016

By Tina Morrison Jan. 19 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar overnight with volatility on the cross set to continue as investors eye weakness in China's economy and sliding commodity prices. The kiwi advanced to 93.85 Australian cents at 8am in Wellington, from 93.49 cents at 5pm yesterday. It slipped to 64.37 US cents from 64.67 cents yesterday. The kiwi has flip-flopped against the Aussie so far this year as traders bet on the outlook for commodity prices amid a slowdown in China's economy. Th...

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