Kiwi at 11-month high as Aussie holds gains

Currencies Direct March 27th 2014 - < 1 minute read

New Zealand’s dollar rose to an 11-month high versus its US
counterpart on Thursday (March 27th), while the Australian dollar
held firm near a four-month high.

NZD/USD was up nearly one per cent at 0.8668, testing a level
not seen since April 2013, as figures showed a strong trade balance
for New Zealand.

Sterling was also sharply lower versus the kiwi, with GBP/NZD
down more than one per cent at 1.9090. The pound has lost five per
cent to the New Zealand in the last month.

Australia’s dollar was riding high at a four-month, supported by
Reserve Bank of Australia
governor Glenn Stevens’ comments earlier this week.

AUD/USD as up at 0.9237, while GBP/AUD dipped to 1.7928, the
pair’s lowest since December.

Sterling dropped slightly against the greenback on Thursday but
the
exchange

rate
remained up approximately a cent for the week. GBP/USD
slid 0.1 per cent to 1.6562.

The euro remains under pressure as indications that the European
Central Bank is preparing the ground for further easing weighed on
the currency. EUR/USD was lower at 1.3759, while EUR/GBP fell to
0.8305.

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Currencies Direct

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