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Markets

NZD up 1.47pc in early Asia-Pacific trade

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By Shoaib Ur Rehman
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imageWELLINGTON: The New Zealand dollar rallied 1.47 percent to be quoted at $0.7293 in early Asia-Pacific trading on Thursday.

The Kiwi rose overnight from around $0.7181 the previous day, to a one-month high, as US dollar weakness and strong local economic data boosted the currency.

"Despite the risk-off mood the NZD has been the best performer," said BNZ currency strategist Jason Wong in a research note, adding recovering global dairy prices and strong New Zealand employment data had helped buoy the currency.

Copyright Reuters, 2016

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