The New Zealand dollar made gains against all major currencies bar the aussie yesterday, but the former nonetheless tagged along behind its cousin, amid a flush of positive sentiment.
The kiwi closed at 43.37USc, having struck a four-month high at 43.45c.
The director of Treasury consultancy Greenwich Financial Services, Earl White, said the local dollar followed the aussie higher, with a big buy order present in that currency. However, from whom and for what was not known.
Mr White said the kiwi's buoyancy could be short-lived once people stopped looking at interest rate differentials with America and Australia and focused on slower growth in key export markets.
- NZPA
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