NZ dollar drops to week low against Aussie as good NZ story fully priced into the currency

Sun, 22 Dec 2013

By Tina Morrison Dec. 23 (BusinessDesk) – The New Zealand dollar dropped to its lowest in more than a week against the Australian dollar on expectations the divergent paths of the two economies is already priced into their respective currencies. The kiwi touched a low of 91.62 Australian cents over the weekend and was trading at 91.89 cents at 8am in Wellington from 92.45 cents on Friday. The local currency was little changed at 82.02 US cents at 8am, from 82.09 cents at the New York close and 82.07 cents at 5pm in Wellington on Friday even a...

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