NZ dollar rises to 4-month high vs. A$ after RBA's Lowe talks down currency

Tue, 25 Nov 2014

By Tina Morrison Nov. 26 (BusinessDesk) - The New Zealand dollar touched a four-month high against the its trans-Tasman counterpart after Australia's central bank talked down the value of the nation's currency. The kiwi touched 91.61 Australian cents and was trading at 91.46 cents at 8am from 91.11 cents yesterday. The local currency slipped to 78.09 US cents from 78.17 cents yesterday after the US annual growth rate was revised up to 3.9 percent, higher than the initial estimate of 3.5 percent and beating the 3.5 percent expected. Th...

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