The New Zealand dollar posted its first climb in a week after a central bank statement which affirmed that the Southern nation will recover from the global slump at a faster pace than its main trading partners boosted attractiveness for the kiwi.
After Reserve Bank of New Zealand Governor Alan Bollard declarations today that the New Zealand economy will climb faster than its trading partners, the national currency reached a
Analysts are confident but at the same time cautious regarding the New Zealand dollar outlook, they affirm that even if domestically the nation is providing evidences for optimism and confidence, it is hard to determine what direction markets will take before the U.S. reporting season.
NZD/JPY climbed to 58.97 as of 11:59 GMT from a previous rate of 57.37. NZD/USD traded at 0.6334 from 0.6217.
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