27 May '11, 5am

Racy kiwi hits fresh 3-year peak, Aussie climbs on USD slump: straight session. Earlier it had fallen as low as

* Kiwi eyes 26-year peak vs USD * Aussie climbs to 2-week high vs USD * Aussie drops to 3.5-month trough vs kiwi WELLINGTON/SYDNEY, May 27 (Reuters) - The New Zealand and Australian dollars rose against a broadly weaker greenback on Friday, underpinned by firmer stocks and commodities, with the kiwi soaring to a fresh 3-year high. The New Zealand dollar surged to a fresh peak of $0.8200, before steadying at around $0.8180, having gained more than one percent on the day for the second straight session. Earlier it had fallen as low as $0.8070 on market talk of a sovereign ratings downgrade. But markets quickly bounced back after realising the downgrade was likely to be about New Zealand's banks following Moody's Feb. 17 review for possible downgrade. Moody's confirmed on Friday the outcome of the review was due "soon". Risk currencies were dragged up by a broadly weaker doll...

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 dragge...

sg.news.yahoo.com 27 May '11, 3am

WELLINGTON/SYDNEY, May 27 (Reuters) - The New Zealand and Australian dollars rose against a broadly weaker greenback on Fr...

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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...