27 May '11, 3am

Racy kiwi hits fresh 3-year peak, Aussie dragged up: a short squeeze, having earlier fallen as low as $0.8070 on...

WELLINGTON/SYDNEY, May 27 (Reuters) - The New Zealand and Australian dollars rose against a broadly weaker greenback on Friday, underpinned by firmer commodities, with the kiwi soaring to a fresh 3-year high. * The NZ dollar surges to a high of $0.8171 following a short squeeze, having earlier fallen as low as $0.8070 on market talk of a sovereign ratings downgrade. * But markets quickly recovered after realising the downgrade is likely to be about NZ top banks following Moody's Feb. 17 review for possible downgrade. Moody's confirmed on Friday the outcome of the review is due "soon". * Kiwi up 0.7 pct percent so far today and nearly 3 pct this week. It is poised for an assault on a 26-year high above $0.8215. Support at $0.8017, the May 24 high, with resistance now at $0.8175 before $0.8200. * Kiwi's highest ever level since it was floated in 1985 is $0.8215 in February a...

Full article: http://sg.news.yahoo.com/racy-kiwi-hits-fresh-3-peak-auss...

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Racy kiwi hits fresh 3-year peak, Aussie climbs...

sg.news.yahoo.com 27 May '11, 5am

* Kiwi eyes 26-year peak vs USD * Aussie climbs to 2-week high vs USD * Aussie drops to 3.5-month trough vs kiwi WELLINGTO...

Rare white kiwi born in New Zealand

straitstimes.com 27 May '11, 5am

WELLINGTON - THE birth of a rare white kiwi has capped the most successful breeding season since efforts to save the endan...