NZ dollar rises to fresh nine-year high against Aussie

Sun, 28 Dec 2014

By Tina Morrison Dec. 29 (BusinessDesk) - The New Zealand dollar touched a fresh nine-year high against the Australian dollar as weaker commodity prices weigh more heavily on the Australian economy. The kiwi reached 95.72 Australian cents over the weekend, its highest level since December 2005, and was trading at 95.41 cents at 8am in Wellington, from 95.21 cents at 5pm on Friday. The local currency advanced to 77.53 US cents from 77.51 cents at the New York close and 77.36 cents on Friday. The collapse in the oil price in recent month...

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