NZ dollar gains vs. Australian currency ahead of RBA speech, FOMC

Mon, 28 Oct 2013

Oct. 29 (BusinessDesk) – The New Zealand dollar rose against its Australian counterpart and recovered against the greenback ahead of a speech by Reserve Bank of Australia governor Glenn Stevens and as traders look ahead to the two-day Federal Reserve meeting. The kiwi traded at 86.64 Australian cents from 86.44 cents in Asia yesterday. The local dollar traded at 83.03 US cents from 83.07 cents. The trade-weighted index rose to 76.37 from 76.24. Stevens’ speech will be his first opportunity to comment since figures last week showed Australia'...

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