Tag: NZD

Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.

Kiwi threatens parity with AUD$

Australia may have convincingly beaten the Kiwis in the recent Cricket World Cup final but it’s the New Zealanders that are winning the currency world cup.  The Kiwi dollar is a Middle Earth hobbit away from parity with the Aussie, the highest it’s traded since floating in 1985.  Had the RBA cut rates on Tuesday every Kiwi in the land would have been handed bragging rights by Glen Stevens as a move to parity and beyond was almost certain.

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