NZ Dollar at Two-week Highs ahead of Rate Decision
Issue:ikonfx | Date: 2010年3月10日The New Zealand dollar rose to a two-week high against the U.S. dollar on Wednesday, boosted by its gains against the Australian dollar following a softening demand for mortgages in the neighbouring country.
But forex traders were cautious ahead of the central bank rate review limiting gains.
The kiwi NZD=D4 rose to $0.7049/57 at 0315 GMT from opening levels around $0.7034/37 and an offshore low of $0.6962. It hit a high of $0.7058, the best since Feb. 23.
Against the Aussie NZDAUD=R, the kiwi recovered to a one-week high, after Australian mortgages data for owner-occupied housing came in far worse than forecasts.
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By Catherine
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