LONDON, July 22 The New Zealand dollar hit a
30-year high versus the U.S. dollar on Friday as improving risk
demand pushed the New Zealand currency through a key barrier
level, while the Australian dollar rallied to its highest in two
months versus its U.S. counterpart.
The New Zealand dollar rose 0.4 percent on the day
to US$0.8664. Traders said the kiwi extended gains after
breaking through barriers at US$0.8650.
The Australian dollar tracked the New Zealand
currency higher, climbing 0.2 percent to US$1.0866, its
strongest since mid-May. Market participants cited the selling
of put options in the Australian currency as pushing the spot
price higher, while interest to sell around US$1.0880 was
expected to cap further gains.
(Reporting by London Forex Team)