The New Zealand dollar recovered against its US counterpart today following the big drop on Friday. The currency also rose against its other major rivals.
The Zealand dollar has sank together with other currencies against the US greenback on Friday after the release of amazing non-farm payrolls. The kiwi recovered a bit on Monday even though the news from China could have been detrimental to the currency. Now, traders wait for the Financial Stability Report and the speech of Graeme Wheeler, Governor of the Reserve Bank of New Zealand. Both events are scheduled to happen at the end of tomorrow’s session.
NZD/USD gained from 0.6520 to 0.6547 and NZD/JPY rallied from 80.38 to 80.82 as of 12:53 GMT today.
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