Forex: AUD/NZD up and trading at 1.2637
Tue, Feb 9 2010, 04:54 GMT
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FXstreet.com (Sydney) – The Kiwi regained some of its recent losses against the Aussie and is trading at 1.2637. The pair started the day at 1.2654, slightly higher than yesterday’s close and even posted an intraday high of 1.2667. The pair has since eased slightly.
The NZD lifted against the AUD as well as the USD as exporters fought against the Kiwi being sold off heavily. The NZ Prime Minister today announced an increase in the GST and across the board tax cuts. However, the Kiwi did little afterwards given the lack of detail on the announcement.

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