NZ dollar gains vs. Australian dollar on divergent central banks

Wed, 11 Feb 2015

Feb. 11 (BusinessDesk) - The New Zealand dollar extended its gains against the Australian dollar as divergent policy positions of the two countries' central banks boosted the relative appeal of the kiwi and local interest rates. The kiwi climbed to 95.60 Australian cents, the highest since mid-January, and traded at 95.51 cents as at 5pm in Wellington, from 94.91 cents late yesterday. The local currency slipped to 74.21 US cents from 74.33 cents yesterday. The Australian Reserve Bank last week cut its cash rate a quarter point to a record...

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