| The New Zealand dollar is approaching parity with its Australian counterpart and could be worth more by the end of today. The NZ dollar was worth about 99.4 Australian cents this morning and over the weekend went as high as 99.7c.
The Reserve Bank of Australia is expected to drop its benchmark interest rate today, which could see the Aussie drop further. The New Zealand dollar is at its highest level since 1985, when the dollar was floated. "It makes in incredibly cheap to go to Australia but exporters to Australia are being hurt badly by this," said Derek Rankin, of Rankin Treasury Advisory...............................................Full Article: Source
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