NZ dollar heads for 2 percent weekly gain vs. A$ amid divergent trans-Tasman economies

Fri, 17 Jan 2014

By Paul McBeth Jan. 17 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent weekly gain against its trans-Tasman counterpart after data showed the divergent neighbouring economies which will likely see interest rates move in New Zealand’s favour. The kiwi rose to an eight-year high 94.80 Australian cents this week, trading at 94.11 cents at 5pm in Wellington from 92.22 cents at the end of last week, and 94.45 cents yesterday. It fell to 82.99 US cents at 5pm from 83.44 cents at 8am and 83.29 cents yesterday. New Zealand’s ec...

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