The New Zealand dollar finished up yesterday, following its Australian counterpart which got a leg up from very strong economic growth figures.
The kiwi ended at 41.43USc, from 41.03c on Tuesday.
That move was meek compared to the aussie which rose more than a cent to 51.51USc (50.66c). That weakened the kiwi to 80.41Ac from 81.06c.
"It was a very strong March quarter gross domestic product figure for the aussie," a local currency dealer said.
"A lot of guys got in there and bought up the aussie, and the kiwi has come up on the back of that."
The dealer expected an immediate term range of 41.30-70USc, but said it unit was looking toppy at current levels, facing technical resistance at 41.50USc.
The other news of the day was from the Reserve Bank of Australia, which left its benchmark interest rate unchanged at 5 per cent after signs that the three cuts so far this year were spurring a rebound in the economy.
That news was as expected and had no influence on the Australasian currencies.
- NZPA
<i>Currency:</i> Surging $A boosts kiwi
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