NZ dollar hovers under 93 Australian cents, touches fresh five-year high overnight

Tue, 17 Dec 2013

By Tina Morrison Dec. 18 (BusinessDesk) – The New Zealand dollar hovered under 93 Australian cents in overnight trading, touching a new five-year high of 92.96 cents early this morning as reports continue to underline the divergence between the neighbouring economies. The kiwi was trading at 92.82 Australian cents at 8am in Wellington, from 92.60 cents at 5pm yesterday. The local currency slipped to 82.61 US cents from 82.80 cents yesterday. The New Zealand dollar has climbed 17 percent against the Australian dollar so far this year as a st...

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