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The New Zealand and Australian Dollars reached the week record high against their US peer after European
Finance Ministers reached an agreement how to extend EFSF bailout firepower and
said to provide more details on December 9. However, both currencies offset
gains as Asian stock markets escalated a drop. Kiwi fell from $0.7610 to $0. 7606
while Aussie dropped to $0.9978 after hitting $1.0087. NZD/USD currently is
trading at $0.7587 while AUD/USD is trading at $0.9970.