NZ dollar rises to week high against Aussie as local economy seen outperforming

Thu, 18 Jul 2013

By Tina Morrison July 19 (BusinessDesk) – The New Zealand dollar rose to a week high against its Australian counterpart as the outlook for the local economy continues to outperform that of its closest neighbour. The kiwi jumped as high as 86.23 Australian cents, and recently traded at 86.14 cents from 85.69 cents at the 5pm market close in Wellington yesterday. The New Zealand dollar edged up to 78.97 US cents from 78.61 cents yesterday. The kiwi has advanced more than 8 percent against the Australian currency this year as a revival in the l...

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