NZ dollar jumps to three-week high against Aussie after RBA minutes signal lower rates, currency

Tue, 18 Jun 2013

By Tina Morrison June 19 (BusinessDesk) – The New Zealand dollar rose to a three-week high against the Australian currency after yesterday’s minutes of the latest Reserve Bank of Australia meeting confirmed it is likely to cut interest rates in the future and expects the Aussie to decline further. The kiwi rose as high as 84.56 Australian cents, its highest since it touched 84.61 cents on May 29. The local currency recently bought 84.22 Australian cents from 83.87 at 5pm yesterday. The trade-weighted index was little changed at 74.12 from 74...

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