Moody’s: New Zealand’s AAA rating safe, for now

Despite worsening government finances and external liabilities, New Zealand’s AAA credit rating is safe for now, Moody’s says.

Aussie and Kiwi have been very volatile today as Japanese investors sold both currencies havily in early trade. Rebounding risk appetites have helped lift both pairs off earlier lows. AUD trades now at 0.6500 and NZD is at 0.5125.