NZ dollar holds near 2 ½-year high vs. Australian dollar before RBA minutes

Mon, 18 Feb 2013

Feb. 19 (BusinessDesk) – The New Zealand dollar traded near a 2 ½ year high against its Australian counterpart before minutes of the Reserve Bank of Australia’s last policy meeting that may hint at further easing across the Tasman. The kiwi traded at 82.05 Australian cents, little changed from 5 pm in Wellington yesterday, having reached as high as 82.33 cents at the end of last week. The local currency rose to 84.51 US cents from 84.40 cents in the absence of US traders taking the President’s Day holiday. The RBA held its cash rate unchange...

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