Kiwi Rises Versus Other Majors Ahead Of Employment Data, Wednesday, August 08, 2007 5:36:17 PM

The New Zealand dollar saw strength against the major currencies on Wednesday in New York. The kiwi posted strong gains against the dollar and euro and also moved up amid choppy trading against the sterling. Traders awaited the release of New Zealand unemployment data.

The kiwi advanced against the U.S. dollar on Wednesday in New York. The New Zealand dollar began to rise at 2:15 a.m. ET and continued to move up for about 12 hours. It cooled later in the afternoon and moved at 0.7676 at 5:10 p.m. ET.

The New Zealand dollar moved higher against the euro on Wednesday in New York and reached a five-day high. The kiwi began to move higher at around 2 a.m. and continued to rise into the afternoon. It slipped slightly, but bounced back and remained up in the late afternoon.

The kiwi was up against the pound amid choppy trading The New Zealand dollar gained early and then fell back at around 3 a.m. ET. It moved higher for about six hours starting at around 8 a.m. ET. It edged back lower in the later afternoon.

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