NZD Near Highest Since 2008 vs. JPY, Drops vs. USD
The New Zealand dollar traded sideways near the highest level since 2008 against the Japanese yen today after yesterday’s huge surge. The currency fell against its US peer as worse-than-expected US non-farm payrolls hurt the market sentiment, reducing demand for higher-yielding assets.
NZD jumped together with other currencies against the yen today after the Bank of Japan announced an aggressive quantitative easing. The kiwi weakened today after US payrolls turned out to grow just 80,000 in March. It was more than two times below the market expectations of 198,000.
NZD/USD fell from 0.8420 to 0.8404 as of 13:16 GMT today and its daily low was at 0.8385. NZD/JPY traded near its opening level of 81.10.
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Earlier News About the New Zealand Dollar:
- NZD Surges as Commodity Price Index Near Record (2013-04-02)
- NZ Dollar Lifted by Bigger-Than-Expected Trade Surplus (2013-03-26)
- RBNZ Does Not Anticipate Higher Interest Rates This Year (2013-03-14)
- NZD Weakens Ahead of RBNZ Meeting on Concerns About Drought (2013-03-13)
- NZ Dollar Climbs with Business Confidence (2013-02-28)