New Zealand Dollar Near Record

The New Zealand dollar traded near record today as commodities and equities gained, while China’s imports increased, improving prospects for New Zealand’s exports.

The annual growth of China’s imports was 28.4 percent last month. The MSCI Asia Pacific Index of regional shares rose 0.2 percent. The Reuters/Jefferies CRB Index of raw materials climbed 0.7 percent yesterday.

NZD/USD traded at 0.8250 as of 13:01 GMT today after rising from 0.8245 to 0.8279. Yesterday the currency pair reached the all-time high of 0.8300.

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