NZ vs AU dollar

The Herald reports:

The New Zealand dollar rose to its highest against the Australian dollar since the Aussie was floated in 1983, as investors favour the outlook for the New Zealand economy where interest rates are set to rise further, compared with Australia where rates may fall.

The kiwi touched 95.93 Australian cents overnight, and was trading at 95.64 cents at 8am in Wellington, from 95.61 cents at 5pm yesterday.

Here’s what the NZ dollar has done vs the AU dollar since floating:

Parity is not far off, but is a tough psychological barrier to beat.