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Australian dollar wins hawks over, as kiwi rues RBNZ hold
SYDNEY: The Australian dollar touched five-week highs on Thursday as investors wagered interest rates would rise next week for a fifth time this year, while its New Zealand counterpart remained under pressure after a surprise pause in rate hikes at home. The kiwi took a beating on Wednesday after the Reserve Bank of New Zealand shocked investors by holding rates at 2.75% when markets had fully priced for a quarter-point increase to 3.0%. Perhaps seeking to limit the damage to the currency, RBNZ Governor Anna Breman appeared across local media, saying further rate increases were likely and that...
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