Australian Dollar Hits Five-Week Highs as Kiwi Weakens After RBNZ Hold
The Australian dollar touched five-week highs as investors wagered rates would rise next week for a fifth time this year. The New Zealand dollar remained under pressure after the RBNZ paused rate hikes.
By Wayne ColeThe 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 aft…