World Economy

Aussie Parity

Aussie ParityAussie Parity

The New Zealand dollar has been knocking on the door of parity with the Australian dollar over Easter, touching just under 99.7c, NewsNow reported. The kiwi closed at a post a new post-float high against the Australian dollar before the long weekend and as traders looked ahead to non-farm payrolls data in the US and what is expected to be an interest rate cut by the Reserve Bank of Australia after the long Easter weekend. The kiwi traded at 98.51 Australian cents on Thursday night, the closest it has come to parity since being allowed to trade freely in 1984.