NZ dollar hits new five-year high vs. Aussie after RBA talks down currency, RBNZ to hike

Thu, 12 Dec 2013

By Tina Morrison Dec. 13 (BusinessDesk) – The New Zealand dollar touched a new five-year high against the Australian dollar after Reserve Bank of Australia governor Glenn Stevens talked down the value of his currency on the same day the New Zealand central bank said local rates were heading higher. The kiwi touched 92.46 Australian cents early this morning, and was trading at 92.23 cents at 8am in Wellington, from 91.63 at 5pm yesterday. The local currency slipped to 82.43 US cents from 82.67 cents yesterday. The Australian dollar fell shar...

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