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.

The New Zealand dollar jumped today after the commodity price index surged last month, increasing the attractiveness of nation’s assets. The currency touched the highest level since February 20 against its US counterpart.

The New Zealand dollar jumped today after the nation’s trade balance posted a surplus that was much bigger than expected. The general positive market sentiment also helped the currency.

The New Zealand dollar rose today after yesterday’s drop, but gains were limited after the central bank said that an interest rate hike is not likely to happen this year.

The New Zealand dollar declined against other most-traded currencies today on concerns that drought that the country is experiencing will worsen hurting the New Zealand economy.

The New Zealand dollar advanced today as business confidence climbed in February. Building permits declined last month, but this did not deter the rally of the currency.

The Australian dollar extended the decline against its US peer as the indecisive outcome of the Italian election fueled the risk aversion sentiment among Forex traders. The New Zealand dollar paused its drop, but remained weak as the nation’s trade balance posted an unexpected deficit.

The New Zealand dollar dipped today as the central bank’s Governor hinted that he is ready to intervene and prevent excessive gains of the currency.

The New Zealand dollar retreated today on the news that China destroyed some imported milk powder. Milk products are one of the major New Zealand’s exports.

The New Zealand dollar extended its rally today, reaching the highest rate since September 2011 against its US peer, as retail sales grew last quarter more than was expected.