The New Zealand dollar remained at five-month highs yesterday, largely unmoved by the Reserve Bank's Monetary Policy Statement leaving the key interest rate unchanged.
At 5 pm the kiwi traded at 43.16USc, up half a cent from 42.64c at Tuesday's close, while the aussie firmed to 52.25USc from 51.64c.
One local dealer said the greenback remained weak and broad-based weakness would continue for some time to further boost other currencies including the kiwi.
"We've done quite well and we're at fresh highs, and we'll continue to see fresh highs - there's a good chance we'll go higher overnight," he said.
"There's been good demand again. We've stayed above 43USc - that was a big level on the top side - and the fact that we're closing above it still is really strong."
The trade-weighted index, which measures the kiwi against the currencies of New Zealand's five main trading partners, remained at its highest levels since early February at 51.12.
- NZPA
<i>Currency:</i> Kiwi holds highs
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