NZ dollar extends gains vs. Aussie as RBA minutes back up Stevens' dovish view

Tue, 21 Apr 2015

By Jonathan Underhill April 21 (BusinessDesk) - The New Zealand dollar extended its gains against its Australian counterpart after minutes of the Reserve Bank of Australia's last policy meeting echoed comments by governor Glenn Stevens that interest rate cuts may be needed to foster sustainable growth. The kiwi traded at 99.39 Australian cents as at 5pm in Wellington and earlier touched 99.44 cents, from 98.69 cents late yesterday. It reached 99.78 cents on April 6, the closest it has got to parity since being floated. The local currency...

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