NZ dollar rides Australian dollar coat-tails higher

Mon, 18 Mar 2019

By Jenny Ruth March 18 (BusinessDesk) - The New Zealand dollar rose a little, dragged higher by a buoyant Australian dollar driven by technical factors. The kiwi was trading at 68.61 US cents at 5pm in Wellington from 68.44 at 8am; the trade-weighted index was at 74.32 points from 74.17. The Australian dollar was trading at 71.12 US cents from 70.83 while the New Zealand currency was at 96.46 Australian cents from 96.57. “The biggest mover we’ve had this afternoon is the Aussie and the kiwi’s being dragged up with it,” says Mitchell...

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