NZ dollar weakens against Aussie as traders await business confidence survey

Mon, 10 Feb 2014

By Tina Morrison Feb. 11 (BusinessDesk) – The New Zealand dollar weakened against the Australian dollar ahead of reports today which may show the Australian economy is picking up pace. The kiwi slipped to 92.31 Australian cents at 8am in Wellington from 92.54 cents at 5pm yesterday. The local currency was little changed at 82.62 US cents from 82.75 cents yesterday as investors await the inaugural testimony of new Federal Reserve chairman Janet Yellen. Australia’s central bank this month changed its easing bias to neutral, signalling an end t...

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