Australian and New Zealand dollars near highs

28 Feb, 2012

The Australian and New Zealand dollars held near multi-month highs versus the yen on Monday, supported by broad weakness in the Japanese currency amid rising oil prices. The Aussie soared as far as 87.41 yen, its highest since early July, before trimming gains to 86.61 yen.
The New Zealand dollar rallied to around 68.25 yen, its strongest in nearly seven months. Against the US dollar, the Aussie was little changed at $1.0687, still short of a six-month high of $1.0845 hit earlier this month. The New Zealand dollar was flat on the day at $0.8350.

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