The New Zealand currency declined against its American counterpart on Thursday. The kiwi dropped to 0.7569 in the morning, and remained near that level as trading progressed into the afternoon. The currencies traded as American data showed that initial jobless claims had increased more than expected for the week ending August 4th, revising the previous estimate to 316,000 from 309,000.
In trading against the euro on Thursday, the New Zealand currency saw weakness. The currency declined sharply in the first couple hours, and held near the 1.80 mark into the afternoon action. The currencies moved as the ECB stepped in to offer cash to borrowers after the overnight lending rates shot up to their highest level in nearly six years.
The New Zealand dollar faltered against its British counterpart in trading on Thursday. The kiwi slipped in the early hours and held near a mark of 2.67 as action moved into the afternoon. The currencies traded as the U.K. announced that the trade deficit had narrowed to 3.6 billion pounds in June.
Versus its Japanese counterpart on Thursday, the New Zealand currency saw weakness into the afternoon action. The currency declined steadily to a mark of 89.84 as trading progressed. The pair moved as Japan recorded a foreign capital inflow of 894.2 billion yen on domestic securities for the week ending August 4th.
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