Wednesday, 07 September 2011 09:20
WELLINGTON/SYDNEY: The Australian dollar powered up on Wednesday and dragged the kiwi higher as well after Australian economic data pointed to solid economic growth in the second quarter, cooling interest rate cut expectations.
Aussie up 0.8 pct on day at $1.0577, having hit a session peak of $1.0585, after stops were triggered above $1.0555. Next level of resistance at $1.0625, the 55-day MA with support at $1.0482.
Interbank futures fall as much as 0.14 points as markets ...