Sharechat Logo

NZ dollar pushes back above US83c

NZPA

Monday 15th August 2011

Text too small?

The New Zealand dollar pushed back above US83c as shares in Europe and the United States rallied after a week of wild swings.

The kiwi moved from US82.09c against the US dollar at 5pm on Friday to push above US83c around 3.30am Saturday, and at 8am today it was buying US83.25c.

BNZ currency strategist Mike Burrowes said the NZ dollar had been dragged higher against the greenback as risk sentiment improved.

The kiwi also rallied against the Australian dollar, with interest rate differentials continuing to provide support for the cross.

At 8am today the NZ dollar was at A80.33c from A79.87c at 5pm on Friday. The kiwi was also up to 0.5837 euro from 0.5785, and lifted to 63.97 yen from 63.00. The trade weighted index lifted to 71.88 at 8am today from 71.17 at 5pm on Friday.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar gains on G20 preference for growth
NZ dollar dips as Wellington CBD checked for quake damage
NZ dollar gains, bolstered by RBA minutes, strong dairy prices
NZ dollar falls after central bank says it may scale up currency intervention
NZ dollar gains before CPI, helped by dairy gains, rally on Wall Street
NZ dollar trades little changed as US budget talks bear down on deadline
NZ dollar falls with equities on view US to sail over fiscal cliff
NZ dollar weakens as fiscal cliff looms, long bets unwind
NZ dollar sinks to three-week low as equities fall, fiscal talks in focus
NZ dollar slips as fiscal cliff talks grind slower in Washington