Business

NZD dragged down by weaker than expected Australian growth

The New Zealand dollar slipped below 69 US cents as negative sentiment about a weaker-than-expected Australian economy spilled over across the Tasman and as Canada's central bank adopted a more negative outlook. 

The kiwi decreased to 68.93 US cents as at 8am in Wellington from 69.13 cents yesterday. It traded at 94.83 Australian cents from 94.73 cents yesterday. 

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