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.
New Zealand Dollar
The New Zealand dollar has begun to decline after rising to an all-time high a few weeks ago, increasing 5 percent between September of last year and the middle of July.
The currency of New Zealand rose in value on Friday against the U.S. dollar, spurred higher by healthier-than-anticipated data about shipments, according to Bloomberg.
South Pacific currencies pushed higher on Monday after a private report noted the economy of China demonstrated its top growth in six months, Reuters reports.
The New Zealand dollar was climbing on Thursday against the world’s reserve currency after the Bank of New Zealand hiked interest rates for the third time this year, according to Bloomberg.
The dollar of New Zealand slipped against the world’s reserve currency on Wednesday after the governor of the Reserve Bank of New Zealand cited the body’s ability to intervene and limit the kiwi’s increase in value, according to Reuters.
The New Zealand dollar marked advances against many of its major counterparts on Thursday following the Reserve Bank of New Zealand increasing interest rates for the second time in the past two months, according to Reuters.
The Australian dollar was dropping toward a weekly loss against the world’s reserve currency on Friday, which would end a bullish trend for the South Pacific monetary unit against its cross-Pacific rival, according to Bloomberg.
The Japanese yen on Tuesday lost value against the world’s reserve currency after commentary by U.S. Federal Reserve chief Janet Yellen noted the importance of relaxed monetary policy, according to Reuters.
The New Zealand dollar climbed to its top level since early August 2011 against the world’s reserve currency on Thursday after the country stated its February trade surplus was larger than it believed it would be, according to Bloomberg.