Dollar sets fresh high as US impasse continues
Kiwi sets fresh high of 88.16USc.
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The New Zealand dollar has set another high against the greenback of 88.16USc (according to Bloomberg) as Washington has two days to raise the $US 14.3 trillion debt limit.
The Kiwi last traded at US 86.61c against the greenback on Friday, according to Thompson Reuters data.
US lawmakers are still trying to cobble together a deal to raise the debt ceiling – the limit of how much the US can borrow to pay its bills.
The debt impasse has fuelled demand for growth-linked currencies such as the Kiwi.
NBR staff
Mon, 01 Aug 2011
Mon, 01 Aug 2011
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Dollar sets fresh high as US impasse continues
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