NZ dollar rises to 5-week high vs. Australian dollar on rates view

Tue, 11 Dec 2012

Dec. 11 (BusinessDesk) – The New Zealand dollar rose to a five-week high against the Australian dollar, extending its gains of the past week on expectations the New Zealand central bank is more inclined to raise interest rates while its counterpart could be looking at a cut. The kiwi dollar rose to 79.66 Australian cents at 5pm in Wellington from 79.52 cents at the start of the day and earlier reached 79.73 cents, the highest since Nov. 5. The kiwi traded at 83.43 US cents from 83.40 cents at the start of the day and up from 83.27 cents a day...

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