Business

NZD gains vs Aussie

The New Zealand dollar rose against its Australian counterpart after rate hikes across the Tasman look even more distant in the wake of disappointing third-quarter economic growth.

The kiwi traded at 94.73 Australian cents at 5pm versus 94.39 cents at 8am, a level that was unchanged from yesterday. It was at 69.16 US cents from 69.54 cents yesterday.

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