NZ dollar touches fresh 4-month high vs. A$, breaks through key support level

Wed, 26 Nov 2014

By Tina Morrison Nov. 27 (BusinessDesk) - The New Zealand dollar touched a fresh four-month high against the Australian dollar after the Aussie broke through a key support level amid speculation the country's central bank may cut interest rates to bolster the economy. The kiwi touched 92.40 Australian cents, and was trading at 92.15 cents at 8am in Wellington, from 91.51 cents at 5pm yesterday. The local currency advanced to 78.75 US cents from 78.15 cents yesterday after a slew of disappointing US data weighed on the greenback. The Au...

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