New Zealand Dollar Higher During Monday’s Trading

The New Zealand dollar rose against its major peers, including the US dollar and the Japanese yen, during Monday’s trading session.

The kiwi was falling for eight straight trading sessions versus the greenback before rising today. The New Zealand currency demonstrated better performance against the yen, rising for three days in a row. As for economic data from New Zealand released today, credit card spending rose in October 10.2% from a year ago and 2.8% from the previous month.

NZD/USD rose from 0.6992 to 0.7020 as of 11:16 GMT today. NZD/JPY edged up from 77.53 to 77.73.

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