NZ dollar TWI hits new post-float high as RBNZ hikes rates, Australian employment soars

Thu, 13 Mar 2014

By Paul McBeth March 13 (BusinessDesk) - The New Zealand dollar rose to a new post-float record on a trade-weighted basis after the Reserve Bank signalled a steeper track of rate hikes after lifting the official cash rate today and as Australian employment grew at its fastest pace in more than two decades. The trade-weighted index rose as high as 80.13, and was at 80.03 at 5pm in Wellington from 79.49 yesterday. The kiwi rose to a nine-and-a-half month high 85.66 US cents, trading at 85.60 cents at 5pm 84.67 cents at 8am, when it was unchan...

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