Dollar keeps breaking records with rise
The New Zealand dollar has hit a new post-float high of 83.30USc on the back of strong data in Europe and the United States.
The New Zealand dollar has hit a new post-float high of 83.30USc on the back of strong data in Europe and the United States.
New Zealand dollars were recently changing hands for 83.14USc, up from 82.71USc yesterday.
Australian and New Zealand dollars were both strong performers after demand for growth-linked currencies surged following stronger than expected job data from the US.
Moves by the European Central Bank to raise its official interest rate to 1.5%, up from 1.25% also pushed currencies other than the USD higher.
NBR staff
Fri, 08 Jul 2011
Fri, 08 Jul 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Dollar keeps breaking records with rise
15756