NZ dollar hits 4 ½ year high vs. A$ after weaker than expected retail sales across the Tasman

Wed, 03 Jul 2013

By Paul McBeth July 3 (BusinessDesk) - The New Zealand dollar touched a new four-and-a-half year high against the Australian dollar and may press higher after weaker than expected retail sales across the Tasman sapped traders’ already waning appetite to invest in Australia. The kiwi rose as high as 85.15 Australian cents, trading at 84.96 cents at 5pm in Wellington from 84.82 cents yesterday. It traded at 77.41 US cents from 77.42 cents at 8am, down from 77.73 cents yesterday. The Australian dollar fell to a three-year low 90.93 US cents,...

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