NZ dollar rises to post-float high vs. Australian dollar

Thu, 02 Apr 2015

By Jonathan Underhill April 2 (BusinessDesk) - The New Zealand dollar rose to a new post-float high against the Australian dollar as traders looked ahead to non-farm payrolls data in the US and what is expected to be an interest rate cut by the Reserve Bank of Australia after the long Easter weekend. The kiwi traded at 98.51 Australian cents just after 5pm in Wellington, the closest it has come to parity since being allowed to trade freely in the 1984, from 97.90 cents yesterday.The local currency traded at 74.62 US cents from 74.75 cents...

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