Forex News

Live Forex news relevant to online currency trading

    Archives

New Zealand Dollar Rallies Following Manufacturing Report

March 17, 2017 at 11:47 by Vladimir Vyun

A heap of NZD billsThe New Zealand dollar climbed today thanks to the positive manufacturing report released overnight and the supportive general market sentiment.

The BusinessNZ Performance of Manufacturing Index rose from 52.2 to 55.2 in February. The increase followed January’s dip, which was likely caused by seasonal factors. The New Zealand currency gained after the report, getting support also from the traders’ risk-positive mood caused the surprisingly dovish policy statement from the Federal Reserve.

NZD/USD gained from 0.6985 to 0.7014 as of 11:35 GMT today. EUR/NZD tumbled from 1.5413 to 1.5303.

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

Leave a Reply

required
required  

Navigation

Menu