The New Zealand dollar was up against its major counterpart in late Asian deals on Friday after encouraging economic reports released overnight from the U.S improved investor sentiment. The currency climbed to three-day highs of 0.8424 against the U.S. dollar and 1.5770 against the euro, rising from previous lows of 0.8387 and 1.5825. It's likely that the kiwi will find resistance near 0.85 against the greenback and 1.57 against the euro, according to RTT News.
In the week ended Aug. 16, the U.S. jobless claims decreased by more than forecasted, while current home sales soared to their highest in July since September. RTT News reports leading index exceeded expectations in July, as the Markit's preliminary U.S. manufacturing purchasing managers' index rose to a four-year high at 58.0 this month.
Meanwhile, on Friday, Australian shares climbed 0.1 percent, pushed higher by Santos Ltd's earnings which positively impacted the energy sector. However, some stocks traded ex-dividend, limiting gains. Santos rose to its highest level since November 2013 by 3.9 percent to $15.16, reports the Economic Times. The S&P/ASX 200 index gained 6.7 points, closing at 5,645.6 and rising 1.4 percent for the week. The benchmark saw its longest streak since July with its seventh straight session of gains.
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