NZ dollar gains vs. Aust counterpart as RBA says currency ‘still uncomfortably high’

Tue, 05 Nov 2013

By Paul McBeth Nov. 5 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate unchanged and said the Australian currency is “still uncomfortably high”. The kiwi gained to 87.20 Australian cents at 5pm in Wellington from 86.97 cents immediately before the RBA statement and 87.05 cents yesterday. The kiwi traded at 82.67 US cents at 5pm from 82.80 cents at 8am and 82.51 cents yesterday. The RBA kept the target cash rate at a record-low 2.5 percent as it contin...

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