NZ dollar touches 3-week high vs. Aussie on divergent interest rate paths

Wed, 04 Feb 2015

By Tina Morrison Feb. 5 (BusinessDesk) - The New Zealand dollar hit a three-week high against the Aussie after New Zealand's Reserve Bank reiterated that interest rates are expected to remain on hold for "some time", in the same week that Australia cut its rate following moves lower by many other central banks. The kiwi touched 95.08 Australian cents, and was trading at 94.91 cents at 8am in Wellington, from 94.86 cents at 5pm yesterday. The local currency slipped to 73.68 US cents from 74.05 cents yesterday as commodity currencies declin...

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