NZ dollar retreats from overnight highs as technical sellers emerge vs. Aussie

Fri, 13 Feb 2015

By Jonathan Underhill Feb. 13 (BusinessDesk) - The New Zealand dollar retreated from its overnight highs against the Australian dollar and the greenback after nearing levels on the cross rate it has failed to breach before, attracting chart watchers and speculative sellers. The kiwi traded at 95.76 Australian cents at 5pm in Wellington, from 95.79 cents yesterday. It earlier rose to as much as 96.29 cents, nearing the post-float record of 96.52 cents it reached on Jan. 8. The local dollar fell to 74.47 US cents, having earlier climbed as...

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