Dollar rises against aussie

The New Zealand dollar rose against the Australian dollar yesterday when it came under pressure in the wake of weaker than expected retail sales data.

By 5pm the NZ dollar was at A77.91c, up from A77.47c at 8am and A77.59c at 5pm on Wednesday.

It was at US75.08c at 5pm from US74.95c at 8am and US74.28c at 5pm on Wednesday.

The Australian dollar fell to be US96.35c at 5pm from US95.77c at the same time on Wednesday.