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NZ Dollar Advances Against Most Majors
(RTTNews) - The New Zealand dollar strengthened against most major currencies in the Asian session on Thursday.
The NZ dollar roses to a 6-day high of 1.9009 against the euro, from yesterday's closing value of 1.9075.
Against the U.S. dollar and the yen, the kiwi advanced to a 2-day high of 0.5952 and a 3-day high of 85.36 from Wednesday's closing quotes of 0.5936 and 84.90, respectively.
If the kiwi extends its uptrend, it is likely to find resistance around 1.88 against the euro, 0.60 against the greenback and 87.00 against the yen.
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Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
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NZ Dollar Advances Against Majors
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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