The New Zealand dollar will likely enhance its run higher than Australian currency. In a survey predicted that the kiwi will get higher this week.

After gaining 1.4 per cent the kiwi dollar extended its march higher last week. After home-loan approvals, the Aussie maintained gains and climbed for a second straight month in August.

From last August Aussie is strengthening the case for Australia's bank to increase its benchmark interest rate next month.

Khoon Goh, head of market economics at ANZ National Bank Ltd. In Wellington said that the market was very keen to take the Aussie higher. After reaching as high 99.18 cents on 7th Oct.

Australia's currency rose 0.3 per cent to 98.81 U. S. cents as of 11.45 a. m. in Sydney from last week. When it completed a 1.5 percent weekly in advance the New Zealand's dollar traded at 75.56 U. S. cents from 75.57.

The statistics bureau said today that the Australian home-loan approvals rose to 1 per cent more than the August. Benchmark interest rates are 4.5 percent and 3 percent in Australia and New Zealand respectively compared with as low as zero in Japan and U. S. which attract the new investors to the South Pacific nations' higher-yielding assets.