NZ dollar rises above 90 Aust cts for the 1st time in five years ahead of RBA

Mon, 02 Dec 2013

By Tina Morrison Dec. 3 (BusinessDesk) – The New Zealand dollar rose above 90 Australian cents for the first time in five years as traders bet the Reserve Bank of Australia will attempt to talk its currency down at its policy review this afternoon. The kiwi touched a high of 90.03 Australian cents early this morning, a level not reached since October 2008. The local currency was trading at 89.82 Australian cents at 8am in Wellington from 89.56 cents at the 5pm market close yesterday. The kiwi slipped to 81.71 US cents from 81.94 cents yester...

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