NZ dollar rises to 9-month high vs. A$ after RBA's Stevens talks down currency

Thu, 11 Dec 2014

By Tina Morrison Dec. 12 (BusinessDesk) - The New Zealand dollar touched a nine-month high against its Australian counterpart after Australian Reserve Bank governor Glenn Stevens said the Aussie will probably decline further next year and indicated it should be trading closer to 75 US cents. The kiwi touched 94.90 Australian cents and was trading at 94.39 cents at 8am in Wellington, from 93.74 cents at 5pm yesterday. The local currency slipped to 77.96 US cents from 78.11 cents yesterday as the greenback strengthened after US retail sales...

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