Pound Sinks on BoE Minutes & Jobless Claims
Yen Loses Strength on Poor GDP, Rebound of Stocks & Commodities
New Zealand Dollar Gains on PPI & Asian Stocks
The New Zealand dollar gained today as the nation’s producer prices increased and Asian stocks advanced, improving prospects of the New Zealand economy and the currency.
The producer price outputs index rose 1.7 percent, while the PPI inputs rose 2.2 percent. The expected valued were 0.6 percent and 0.9 percent respectively. The MSCI Asia Pacific Index of shares rose 1.1 percent, paring its
NZD/USD rose from 0.7847 to 0.7865 today as of 13:33 GMT. EUR/NZD dropped from 1.8124 to 1.8043.
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Earlier News About the New Zealand Dollar:
- New Zealand Dollar May Be Overvalued Says IMF (2011-05-10)
- Employment Data from New Zealand Boosts Kiwi (2011-05-04)
- AUD & NZD Falls After Bin Laden's Death (2011-05-02)
- New Zealand Dollar Rises, Signaling Carry Trade Return (2011-04-26)
- Slower Inflation Growth Moves New Zealand Dollar Down (2011-04-18)