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AUD review: Western Union

  • The Aussie dollar kept to a higher orbit against the greenback, building on last week's more than 1.5 percent gain which amounted to its best week in a year. But the Aussie sank to record lows against the kiwi dollar. 

  • New Zealand is home to the developed world's highest interest rate at 3.5 percent, a big plus for the kiwi's value. And New Zealand's juicy yield differential against the lower-yielding Aussie, at 2.25 percent, could widen further if Australia's central bank should cut rates at a coming meeting.

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