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NZ Dollar Gains as Economic Data Helps

December 21, 2015 at 14:01 by Vladimir Vyun

Kiwi denominationsThe New Zealand dollar rallied today, gaining on its US peer for the second consecutive trading session and rising versus the Japanese yen as well. Economic data released from New Zealand at the start of this week’s trading was beneficial to the currency.

The Westpac Consumer Confidence rose from 106.0 to 110.7 this month. The reports about tourism and credit card spending were also encouraging. Now, market participants wait for the trade balance report, which should demonstrate a decrease of the trade deficit according to forecasters.

NZD/USD rose from 0.6721 to 0.6758 and NZD/JPY edged up from 81.51 to 81.90 as of 14:01 GMT today.

If you have any questions, comments, or opinions regarding the New Zealand Dollar, feel free to post them using the commentary form below.

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