RESEND: NZ dollar charts record high vs. Australian dollar on RBA rate cut talk, weak iron ore

Mon, 30 Mar 2015

(Adds level of Australian dollar at 5pm yesterday in second paragraph) By Jonathan Underhill March 31 (BusinessDesk) - The New Zealand dollar rose to a record against the Australian dollar on speculation the Reserve Bank of Australia will cut interest rates again as soon as next week, while the price of iron ore, a key export, continues to slide. The kiwi dollar rose as high as 98.43 Australian cents, and was recently at 98.01 cents, up from 97.53 cents late yesterday. The local currency fell to 74.93 US cents from 75.39 cents. The tra...

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