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NZ Dlr Up Strongly Late To 15-Mo High,Hitches Ride With Aussie

Posted in : Currency Rates

(added few years ago!)

The New Zealand dollar soared to a 15-month high Thursday, hitching a ride on a rampant Australian dollar that responded to stronger than forecast jobs data. The Kiwi hit US$0.7420, a level it hasn't seen since July 29, 2008. Westpac Bank currency strategist Imre Speizer said he saw no reason for the Kiwi to pull back too far, and expects it to shortly ...

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(added few years ago!) / 140 views