NZ dollar rises against Australian dollar ahead of RBA minutes

Mon, 16 Mar 2015

By Tina Morrison March 17 (BusinessDesk) - The New Zealand dollar rose to its highest in more than a week against the Australian dollar as traders await the release of the minutes for the last Reserve Bank of Australia meeting for clues on whether more interest rate cuts are ahead. The kiwi touched 96.60 Australian cents, its highest since March 5, and was trading at 96.52 cents at 8am in Wellington, from 96.27 cents at 5pm yesterday. The local currency advanced to 73.78 US cents from 73.61 cents yesterday amid a broad-based US dollar dec...

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