FXstreet.com (Sydney) - The AUD continued its run of gains against the Kiwi and is trading at 1.2732. The pair had earlier opened the local session at 1.2716, and hit an intraday high of 1.2766.
The AUD lost ground against most currencies after negative economic reports were released in Australia. Business investment dropped unexpectedly by 3.9% in the September quarter despite having risen the quarter before. However, the Kiwi fell against the Aussie to 5-month lows on Wednesday night and also fell to 3-week lows against the euro and the yen.