NZ dollar hits fresh record vs. Australian dollar as analysts mull parity

Thu, 19 Feb 2015

By Tina Morrison Feb. 20 (BusinessDesk) - The New Zealand dollar hit a new record against the Australian dollar overnight, with some analysts saying there is nothing to stop it pushing higher to parity. The kiwi touched a post-float high of 97.07 Australian cents overnight, and was trading at 96.51 cents at 8am in Wellington, from 96.54 cents at 5pm yesterday. The local currency slipped to 75.19 US cents from 75.64 cents yesterday. The Aussie dollar has weakened as softer demand for iron ore from China, the country's largest trading pa...

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