NZ dollar could stay above Aussie dollar parity for 'at least a year', UBS says

Fri, 17 Apr 2015

By Tina Morrison April 17 (BusinessDesk) - The New Zealand dollar could achieve parity with the Australian dollar within weeks and stay above A$1 for at least a year, according to revised forecasts by economists for the New Zealand arm of the global financial services company, UBS. The kiwi last week touched 99.78 Australian cents, its highest level since being allowed to trade freely in 1984, as traders anticipated a cut at the Reserve Bank of Australia's April 7 meeting to stimulate the Australian economy after a slump in iron ore and...

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