The New Zealand dollar rose faintly against its US complement as the New Zealand nation slowly recovers from its preceding depression. The currency slipped against its Australian complement.
The economy of New Zealand was harm by the earthquake in Christchurch area last year, as well as the global depression earlier, and now attempts to convalesce, benefiting from rising product prices. Alan Bollard, the Governor of the Reserve Bank of New Zealand, said: “We imagine the revival to pick up and gradually become more safe”, supporting the assurance in the economy and the currency of New Zealand.
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NZD/USD rose 0.7693 to 0.7710 as of 13:23 GMT and reached its intraday high of 0.7741 today. AUD/NZD rallied from 1.2852 to 1.2904 after it drooping last week.
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