NZ dollar rises above 85 US cents, reaches 3-year high vs. Australian dollar

Thu, 25 Apr 2013

April 26 (BusinessDesk) – The New Zealand dollar climbed above 85 US cents and reached the highest level against the Australian dollar since October 2009 as improving risk sentiment and the nation’s economic prospects drive demand for the kiwi. The kiwi dollar recently traded at 84.90 US cents, having climbed as high as 85.62 cents overnight, from 85.23 cents in Asia yesterday. The trade-weighted index fell to 78.60 from 78.82. US stocks have gained for five straight days, helped by better-than-expected corporate earnings and economic data t...

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