The Kiwi was among the best performer in the currency market and confirmed its strong momentum. NZD/USD reached a new all time high on Friday at 0.8670 and retreated afterwards to finish the week around 0.8640. The pair posted the fourth weekly gains in a row and has risen 650 pips since June 27.
The appreciation of the Kiwi across the board and outperforming other high yield currencies, has been supported by macroeconomic data.
NZD/CAD rose above 0.8200 for the first time since March 2008 while AUD/NZD posted the lowest weekly close since August 2010. EUR/NZD reached on Tuesday at 1.6495 the lowest price since 2005.
Source: FXCC
The appreciation of the Kiwi across the board and outperforming other high yield currencies, has been supported by macroeconomic data.
NZD/CAD rose above 0.8200 for the first time since March 2008 while AUD/NZD posted the lowest weekly close since August 2010. EUR/NZD reached on Tuesday at 1.6495 the lowest price since 2005.
Source: FXCC
