The New Zealand currency rose steadily against its American counterpart in trading on Wednesday. By the midday, the kiwi had reached a mark of 0.7683 against the dollar. Traders considered the wholesale inventories data from the US, which showed a bigger than expected increase of 0.5% for June.
In trading against it European counterpart, the New Zealand dollar saw steady advancement on Wednesday. As action moved past noon, the New Zealand currency reached a mark of 1.79.
Versus the pound, the New Zealand currency saw uncertain direction in trading on Wednesday. The kiwi bounced between a high of 2.64 and a low of 2.66 as action moved into the early afternoon. The currencies held in a range traders mulled over the BoE latest Inflation Report released Wednesday, which hinted at a rate hike.
The New Zealand currency rose steadily against the yen in action on Wednesday. The kiwi advanced to a mark of 91.89 as trading moved into the early afternoon. The currencies moved as kiwi traders considered Japanese core machinery orders for the second quarter. Orders slumped 2.4%, following a 0.7% fall in the first.
Copyright © 2007 RTTNews.com. All Rights Reserved.
No comments:
Post a Comment