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NZD higher against Aussie

The New Zealand dollar was higher against the Australian dollar after disappointing fourth-quarter gross domestic product data across the Tasman.

The kiwi traded at 96.38 Australian cents at 8am in Wellington from 96.12 cents at 5pm in Wellington. It was at 67.71 US cents from 67.61 cents.

Australia‚Äôs economy grew 0.2 percent in the December quarter, lower even than downgraded expectations of 0.3 percent and taking the annual growth rate to 2.3 percent.

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