New Zealand dollar reached the two months high level against the Japanese yen and almost broke the more than 6 months record high level against the U.S. dollar today. Aussie also showed a similar dynamic of growth it came close to the 2 months old records against yen and reached its highest value against the U.S. dollar since November 2007.
Despite the global financial markets turmoil many traders still prefer to invest their assets in the high-yielding currencies, such as kiwi (NZD) and Aussie (AUD). This happens because both New Zealand and Australia are actively increasing their benchmark interest rates unlike other developed countries (e.g. U.S., Great Britain).
These two currencies grew significantly for the whole month of February and continued to perform well today during the Asian trading session, signaling that their bullish trends are not ending yet. The New Zealand dollar and Australian dollar grew against yen, U.S. dollar, pound and even euro.
AUD/JPY rate on Forex reached 99.48 today, which is only 8 pips away from being the highest value since 28th of December. AUD/USD reached 0.9263 mark the highest since November 2007.
NZD/JPY was trading at 86.96 today its highest value in 2008, while NZD/USD at 0.8097 lacked 3 pips to get to the highest rate since July 2007.
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