Mon, 25 Nov 2013 11:24:10 GMT
Australia's Dollar at 5-year low against Kiwi ahead of Lowe speech
Aussie depreciated 0.6% to NZ$1.1140 at 2:05 p.m. is Sydney, after reaching NZ$1.1137, the weakest level since October 2008, amid speculation, before the RBA deputy governor Philip Lowe speech, that Reserve Bank will curb currency strength. Meantime, the Australian currency sank 0.2% to 91.67 U.S. cents, before trading near three month low at 91.44 on November 22.