NZ dollar declines against Aussie after touching record highs

Sun, 22 Feb 2015

By Tina Morrison Feb. 23 (BusinessDesk) - The New Zealand dollar fell from its highs against the Australian dollar, touching a week low, as some investors took advantage of the gains to sell the local currency. The kiwi touched 95.75 Australian cents and was trading at 95.85 cents at 8am in Wellington, from 96.43 cents at 5pm on Friday. The local currency was trading at 75.20 US cents from 75.18 cents at the New York close and 75.31 cents on Friday. The New Zealand dollar has been steadily gaining ground against the Aussie this year as...

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