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MARKET CLOSE: Kiwi dollar hits three month high against Aussie

Dan Brunskill
Tue, 20 Oct 2020

The New Zealand dollar rose to a three-month high against its Australian counterpart as the gap between monetary policy settings in the two countries looks set to close.The kiwi dollar was trading at 93.41 Australian cents at 5pm in Auckland, up from 93.30 yesterday and at its highest level since late July. Reserve Bank of Australia assistant governor Chris Kent caught market traders' attention today after he said the bank was looking to do more quantitative easing in an effort to catch up with more dovish monetary policy in other econ...

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