NZ dollar touches highest since 2008 vs. A$ after Stevens says interest rates decision was close

Wed, 03 Jul 2013

By Tina Morrison July 4 (BusinessDesk) – The New Zealand dollar touched its highest in four-and-a-half years against the Aussie this morning after the Reserve Bank of Australia governor Glenn Stevens yesterday suggested a decision on whether to hold interest rates this week was a close call. The kiwi touched 85.80 Australian cents today, its highest since November 2008. The local currency recently traded at 85.62 Australian cents, up from 84.96 at the 5 pm market close in Wellington yesterday. The kiwi advanced to 77.77 US cents from 77.41 ye...

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