The New Zealand dollar ticked up today after a report showed that the nation’s economy was able to maintain pace of its growth little changed last quarter as was expected by market participants.
New Zealand gross domestic product grew 0.2 percent in the second quarter of this year, matching expectations. The first quarter’s expansion was revised slightly up to 0.4 percent. The data was considered good by traders, propelling the kiwi to the highest level in several months.
NZD/USD rose from 0.8363 to 0.8388 as of 13:06 GMT today and its daily high of 0.8434 was strongest since May 9. NZD/JPY surged from 81.88 to 83.25, trading near the highest level since May 22.
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