Print Print edition: 2011-07-23

New Zealand and Aussie dollar steady

Published Updated

The New Zealand dollar eyed a 30-year high while the Aussie hovered close to a two-month peak on Friday, as investors piled into risk after European leaders finally made progress in dealing with Greece's debt problems.
The kiwi held firm at $0.8625, after scaling a fresh peak at $0.8643 overnight. The currency has gained two US cents, or nearly 2 percent, this week driven by the prospect of higher interest rates and investor optimism as the eurozone debt worries appear to be reaching resolution.
The currency is seen supported at $0.8590 and then $0.8540. Resistance is seen at $0.8643, its latest peak, then $0.8668.
The Aussie also received a lift, touching a two-month peak of $1.0858 overnight on broad-based selling of the US dollar. It last traded at $1.0840.