NZ dollar rises to post-float record against Aussie as interest rate paths diverge

Tue, 30 Dec 2014

By Tina Morrison Dec. 31 (BusinessDesk) - The New Zealand dollar rose to its highest against the Australian dollar since the Aussie was floated in 1983, as investors favour the outlook for the New Zealand economy where interest rates are set to rise further, compared with Australia where rates may fall. The kiwi touched 95.93 Australian cents overnight, and was trading at 95.64 cents at 8am in Wellington, from 95.61 cents at 5pm yesterday. The local currency advanced to 78.31 US cents from 77.71 cents yesterday. The New Zealand dollar...

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