Dollar sets fresh high as US impasse continues
Kiwi sets fresh high of 88.16USc.
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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