Markets

NZ dollar hits post-float high vs currency basket

Published March 11, 2014 Updated March 11, 2014 04:50am

1 min

By Shoaib Ur Rehman

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WELLINGTON: The New Zealand dollar hit a post-float high against a currency basket on Tuesday ahead of a widely expected rise in New Zealand interest rates on Thursday.

On a trade-weighted basis, the kiwi rose as high as 79.51 according to Reuters data, its highest level since the currency was floated in 1985.

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