NZ dollar climbs to 2-week high vs. A$ as Australian inflation misses forecast, RBNZ looms

Wed, 23 Apr 2014

By Paul McBeth April 23 (BusinessDesk) - The New Zealand dollar rose to a two-week high against its trans-Tasman counterpart after Australian inflation came in below expectations, leaving the Reserve Bank of Australia with room to keep interest rates on hold, while the local central bank prepares to hike rates tomorrow. The kiwi rose as high as 92.65 Australian cents, the highest since April 10, trading at 92.53 cents at 5pm in Wellington from 91.72 cents yesterday. The local currency traded at 85.89 US cents at 5pm from 85.97 cents at 8am...

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