NZ dollar touches fresh 5-year high vs. Aussie ahead of NZ fiscal update, RBA minutes

Mon, 16 Dec 2013

By Tina Morrison Dec. 17 (BusinessDesk) – The New Zealand dollar touched a fresh five-year high against the Aussie overnight ahead of reports today which are expected to confirm the divergence of the two economies. The kiwi rose as high as 92.57 Australian cents in local trading last night, and was at 92.14 cents at 8am in Wellington, from 92.40 cents at 5pm yesterday. The local currency slipped to 82.55 US cents from 82.82 cents yesterday. The New Zealand dollar has been accelerating away from its Australian counterpart as a slowing econom...

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