NZ dollar rises to 4-week high vs Aussie as investors favour higher kiwi yields

Tue, 10 Feb 2015

By Tina Morrison Feb. 11 (BusinessDesk) - The New Zealand dollar rose to its highest in almost four weeks against the Australian dollar as investors favoured the higher yields on offer in New Zealand. The kiwi touched 95.39 Australian cents overnight, its highest level since Jan. 16, and was trading at 95.28 cents at 8am in Wellington, from 94.91 cents at 5pm yesterday. The local currency slipped to 74.01 US cents from 74.33 cents yesterday. In a global environment where some 17 central banks have cut interest rates so far this year, o...

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