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NZD currency update: Kiwi dollar makes modest gains

Joe Mayhew Senior Currency Broker - NZD currency update: Kiwi dollar makes modest gains Written by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

The Kiwi dollar managed to make some modest gains on a number of its counterparts yesterday in spite of a spate of poorer than forecast economic data.

Both the GDT Price Index and the measures of Kiwi PPI were weaker than the prior readings; however, this didn’t stop GBP/NZD from moving from 1.8750 to 1.8650 and EUR/NZD from 1.6130 to 1.6050.

Tonight there are no announcements set to be issued from New Zealand.

GBP/NZD exchange rate graph

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Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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