WELLINGTON--The New Zealand dollar remained well supported Tuesday against the greenback and continued to push higher against the Australian dollar.
In Wellington trading, the New Zealand dollar was at US$0.7779 versus US$0.7761 late Monday and at A$0.9570 compared with A$0.9547 late Monday.
The New Zealand dollar has continued its "impressive run" when valued against the Australian dollar, reaching the highest level against the Aussie since the Australian dollar floated in 1983, said Michael Judge, senior corporate foreign exchange dealer at OzForex.
ANZ Senior Trader Alex Sinton noted that while there is some risk aversion in the markets as investors weigh the political turmoil in Greece, the New Zealand dollar remains well supported by broad demand.
However, while the U.S. dollar is slightly weaker in Asia, Mr. Judge said investors will be keeping a close eye on U.S. consumer confidence data tonight, followed by the final reading on HSBC China Manufacturing Purchasing Managers' Index on Wednesday.
Write to Rebecca Howard at rebecca.howard@wsj.com
(END) Dow Jones Newswires
December 29, 2014 23:27 ET (04:27 GMT)
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