NZ dollar rises to three-week high vs Aussie as investors bet kiwi will outperform

Tue, 07 Jan 2014

By Tina Morrison Jan. 8 (BusinessDesk) – The New Zealand dollar rose to a three-week high against the Australian dollar overnight as investors bet the fundamentals for the kiwi are more favourable than for its Australian counterpart this year. The kiwi touched 92.98 Australian cents overnight and was trading at 92.76 cents at 8am in Wellington, from 92.50 cents at 5pm yesterday. The local currency edged up to 82.77 US cents from 82.62 cents yesterday. The New Zealand dollar has advanced 16 percent against the Aussie the past year as a reviv...

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