NZ dollar holds near post-float high vs. A$ as commodity prices diverge

Wed, 07 Jan 2015

By Paul McBeth Jan. 7 (BusinessDesk) - The New Zealand dollar held near a post-float high against its Australian counterpart as diverging prices for the neighbouring nations' major export commodities painted a rosier picture for the local outlook, and stoked demand for the kiwi. The local currency traded at 95.98 Australian cents at 5pm in Wellington, near the 96.22 cents peak it reached in Northern Hemisphere trading, from 94.97 cents yesterday. The kiwi declined to 77.57 US cents at 5pm from 77.92 cents at 8am, paring a gain from 77.28...

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