NZ dollar touches new 5-year high vs. A$ on weak Aussie GDP

Wed, 04 Dec 2013

By Paul McBeth Dec. 4 (BusinessDesk) - The New Zealand dollar reached a fresh five-year high against its trans-Tasman counterpart after figures showed Australia’s economy grew less than expected in the third quarter. The kiwi rose as high as 90.54 Australian cents in the local session, and traded at 90.31 cents at 5pm in Wellington from 90.01 cents yesterday. It fell to 81.85 US cents at 5pm from 82.54 cents at 8am, little changed from 81.79 cents yesterday. Australia’s gross domestic product grew 0.6 percent in the three months ended Sep...

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