Time to go Internet shopping, the New Zealand dollar has hit a fresh high against its Australian counterpart.
The Kiwi was trading around 94.75 Australian cents on Friday morning. The currency had reached an an eight-year high of 94.52 Australian cents on Thursday – up nearly 1c from just before figures were released showing that Australian jobs unexpectedly fell in December last year.
ANZ chief economist Cameron Bagrie told Radio New Zealand's Summer Report programme he cannot rule out the New Zealand dollar reaching the same level as the Australian.
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