NZ dollar may gain vs. A$ as falling commodities weigh on Australia

Wed, 24 Dec 2014

By Paul McBeth Dec. 24 (BusinessDesk) - The New Zealand dollar may continue to push near decade-highs against its trans-Tasman counterpart as weak commodity prices sap investors' appetite for Australia's economic exposure to iron ore and minerals. The kiwi traded at 95.10 Australian cents at 4:30pm in Wellington from 95.23 cents yesterday, having broken above 95 cents for the first time in 11 months in December. It traded at 77.21 US cents from 77.02 cents at 8am and 77.37 cents yesterday. The collapse in the oil price in recent months...

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