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Flying NZ dollar causes jitters
The NZ dollar continues to trade at around eight-year highs against the Aussie dollar but foreign exchange strategists doubt the currency will hit parity with its transtasman counterpart any time soon.
The NZ dollar continues to trade at around eight-year highs against the Aussie dollar but foreign exchange strategists doubt the currency will hit parity with its transtasman counterpart any time soon.
The dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying programme next week.
The NZ dollar was little changed ahead of local inflation data which is expected to inform the Reserve Bank's decision when it reviews monetary policy next week.
It can be used in a plethora of ways, but Bitcoin's lead developer says his best purchase with the virtual currency was made right here in NZ, on the edge of Lake Wanaka.
The Kiwi dollar climbed to a new eight-year high after weak Aussie jobs data highlighted divergent interest rate outlooks between the neighbouring economies.
The New Zealand dollar touched an eight-year against its trans-Tasman counterpart ahead of Australia employment figures.
The NZ dollar has maintained its place as the 10th most traded currency. Why is it so heavily traded and what implications does this have for the year ahead, asks Brian Gaynor.