NZ dollar rise vs. Australian dollar as Westpac rate hike puts pressure on RBA

Wed, 14 Oct 2015

By Paul McBeth Oct. 14 (BusinessDesk) - The New Zealand dollar rose to a four-month high against its trans-Tasman counterpart on speculation mortgage rate hikes by Westpac Banking Corp may put pressure on the central bank to ease policy. The kiwi rose as high as 92.40 Australian cents, trading at 92.27 cents at 5pm in Wellington from 91.20 cents yesterday. The local currency was little changed at 66.76 US cents from 66.71 cents at 8am and 66.62 cents yesterday. The Australian dollar dropped after Westpac announced plans to lift its flo...

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