NZ dollar may gain to 85 Aust cts as mining boom peak finally looms

Mon, 27 May 2013

By Paul McBeth May 27 (BusinessDesk) - The New Zealand dollar may test 85 Australian cents this week as figures on Thursday have analysts mulling whether Australia’s mining boom is finally peaking, and as local interest rates become more alluring on this side of the Tasman. The kiwi fell to 83.85 Australian cents at 5pm in Wellington from as high as 84.25 cents and 83.90 cents on Friday in New York. The local currency fell to 80.76 US cents at 5pm from 81.01 cents at 8am, and 80.90 cents last week. Australian capital expenditure figures on...

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