The New Zealand dollar rose during Monday’s quiet trading as weakness of the US dollar helped the currency to log gains. While the start of the week is rather uneventful, the rest of the week should be much more interesting with plenty of important releases.
The NZ dollar gained against its US counterpart that has been hurt by Friday’s economic data and remained soft today as the single Monday’s report from the United States was not good as well. The kiwi also managed to gain on the Japanese yen. There were no economic releases from New Zealand on Monday due to a holiday, but there will be several important events later during the week, including the central bank’s policy decision on Thursday (April 30).
NZD/USD rose from 0.7595 to 0.7643 and NZD/JPY rallied from 90.35 to 91.07 as of 15:55 GMT today.
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