NZ dollar at 11-month high vs. A$ as central banks vie for lower currency

Fri, 19 Dec 2014

By Paul McBeth Dec. 19 (BusinessDesk) - The New Zealand dollar rose to an 11-month high against its trans-Tasman counterpart as investors weigh up the competing attempts by the neighbouring central banks try and talk their respective currencies lower in a market where they offer attractive returns. The kiwi rose as high 95.26 Australian cents today, trading at 95.12 cents at 5pm in Wellington from 94.71 cents yesterday. The local currency rose to 77.80 US cents at 5pm from 77.34 cents at 8am and 77.13 cents yesterday. New Zealand's dol...

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