The New Zealand dollar was extremely strong today, jumping more than 1% against such most-traded currencies as the US dollar and the Japanese yen, despite mixed economic reports from New Zealand’s biggest trading partner — China.
The China Federation of Logistics and Purchasing reported that the manufacturing Purchasing Managers’ Index slipped from 51.6 to 51.3 in January. Meanwhile, the non-manufacturing PMI gained from 55.0 to 55.3.
Earlier this week, a report showed that New Zealand’s trade balance turned to a surplus unexpectedly.
NZD/USD climbed from 0.7327 to 0.7412 as of 13:08 GMT today. NZD/JPY surged from 79.69 to 80.67.
If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.
Be First to Comment