The New Zealand dollar was trading close to a six-month high this morning, as the market awaits another interest rate hike by the Reserve Bank this week.
At 8.15am, the kiwi was buying US71.20c - its highest level since June 22. That compares with Friday's local close of US70.66c.
The
kiwi also continued its push into new territory against the euro at 60.84c, after breaking 60 euro cents for the first time ever on Friday.
On a trade-weighted index basis it was at 73.99, having hit a fresh post float high of 74.12c in offshore trading over the weekend.
The kiwi was also trading at eight-year highs against the British pound and Japanese yen, hitting 41.11 pence (40.83p on Friday), and 86.10 yen (85.21).
The Reserve Bank is widely expected to raise rates by a further 25 basis points to 7.25 per cent on Thurday - maintaining New Zealand's standing as having the highest official interest rates in the industrialised world.
Rates:
8.15am today 5pm Friday
NZ dlr/US dlr US71.20 US70.66
NZ dlr/Aust dlr A95.34 A95.11
NZ dlr/euro 0.6084 0.6025
NZ dlr/yen 86.10 85.21
NZ dlr/stg 41.11 40.83
NZ TWI 73.99 73.44
Australian dollar US74.71c US74.30c
Euro/US dollar US1.1700 US1.1728
US dollar/yen 120.89 120.60
- NZPA
