The New Zealand dollar bolted higher on Wednesday after super-strong jobs data cemented expectations for a hike in interest rates this month as policy makers try to cool a sizzling economy.
The Australian and New Zealand dollars were busy going nowhere on Friday as recent tight ranges showed no sign of ending, leaving kiwi bulls hoping for a rate rise next week and the promise of more to break it loose.
The Australian and New Zealand dollars continued to play second fiddle to the U.S. dollar on Wednesday, though a sharp divergence in the fortunes of their domestic economies was favouring the kiwi for now.