Aussie set to complete longest losing streak versus Kiwi in 12 years

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Source: Bloomberg
© Scanpix/RS
The Australian Dollar is heading to complete the longest streak of weekly drops against the New Zealand Dollar in a twelve-year period amid speculation that the Reserve Bank of Australia will lower borrowing costs next week. The so-called Aussie dropped 0.2% to NZ$1.2042 at 4:05 p.m. Sydney time after it touched $1.2034, the lowest since October 2009.

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Fri, 03 May 2013 09:35:06 GMT

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