NZ dollar hits more-than 2 year high vs. Australian as RBA meeting looms

Mon, 04 Feb 2013

By Paul McBeth Feb. 4 (BusinessDesk) - The New Zealand dollar rose to a 2 ½-year high against the Australian dollar before the Reserve Bank of Australia’s monetary policy review tomorrow, while largely ignoring Prime Minister John Key’s comment that the kiwi is overvalued against the greenback. The kiwi rose as high as 81.39 Australian cents, the highest since July 2010, and traded at 81.10 Australian cents at 5pm in Wellington from 81.22 cents on Friday in New York. The currency traded at 84.56 US cents at 5pm from 84.53 cents last week....

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