|
http://www.scoop.co.nz/stories/BU1308/S00425.htm
NZ dollar rises vs. Australian dollar before confidence data
Tuesday, 13 August 2013, 8:32 am
Article: BusinessDesk
NZ dollar rises vs. Australian dollar before reports on
business confidence, economic outlook
By Tina
Morrison
Aug. 13 (BusinessDesk) – The New Zealand dollar
rose against the Australian dollar as investors look ahead
to reports today which may show the Australian economy is
weakening, increasing the likelihood of further interest
rate cuts.
The kiwi advanced to 87.50 Australian cents at
8am in Wellington from 87.32 cents at the 5pm market close
in Wellington yesterday. The local currency slipped to 80.01
US cents from 80.34 cents yesterday.
[....]
|