The Australian dollar edged higher against its New Zealand counterpart in early trading on Tuesday mainly due to across the board weakening of the latter.
The aussie advanced to a 4-day high of 1.2730 against the kiwi around 7:45 am ET and moving a few pips up may push the pair to its highest level in nearly 7 weeks. The aussie-kiwi pair is currently quoted at 1.2720, compared to 1.2677 hit late New York Monday.
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