NZ dollar slips vs. Aussie after RBA seen softening language around high currency

Tue, 01 Jul 2014

By Tina Morrison July 2 (BusinessDesk) - The New Zealand dollar slipped against its Australian counterpart after the Reserve Bank of Australia didn't complain about the elevated level of the Aussie yesterday as much as expected, encouraging traders to push it higher. The kiwi touched a week low of 92.29 Australian cents, and was trading at 92.38 cents at 8am in Wellington from 92.75 cents at 5pm yesterday. The local currency rose to 87.71 US cents from 87.67 cents yesterday after failing to break through 88 cents with a high of 87.91 cent...

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