The New Zealand dollar has continued its leap against the greenback.
Overnight, the kiwi gained nearly two cents more to trade at 55.90 US cents.
It jumped a cent-and-a-half yesterday when the US Federal Reserve announced it would flood the financial markets with new cash to stimulate the economy.
The falling value of the greenback has seen oil prices cross the US$50 a barrel mark for the first time since early January.
Other factors influencing oil include a drop in demand, Opec production cuts and oil companies scaling back investment. A barrel of crude is currently trading US$3.42 higher at US$51.56 a barrel.
Analysts predict it will be a while before oil falls back to below the $40 mark.
- NEWSTALK ZB
<i>Currency:</i> Kiwi jumps again
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