NZ dollar holds near five-year high vs. AUD on favourable interest rate outlook

Wed, 27 Nov 2013

By Paul McBeth Nov. 27 (BusinessDesk) - The New Zealand dollar held near five-year highs against its Australian counterpart as the interest rate outlook on this side of the Tasman continues to be more attractive on the strength of the local economic recovery. The kiwi rose to 89.79 Australian cents at 5pm in Wellington, near this week’s high of 89.94 cents, from 89.60 cents yesterday. The kiwi traded at 81.94 US cents at 5pm from 81.91 cents at 8am, down from 82.39 cents yesterday. Government figures today showed New Zealand’s monthly tra...

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