Kiwi dollar strengthens as US bond markets roil and yen intervention reshapes currency markets
The New Zealand dollar has gained ground amid US economic weakness, currency intervention, and turbulent global bond markets, while local business confidence rebounds.
The New Zealand dollar has appreciated against the backdrop of weaker US economic data and intervention in currency markets. Global bond market volatility has also contributed to the currency movement. Despite international uncertainty, New Zealand business confidence has shown a notable local bounce-back.
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The Kiwi dollar gains amid war, Yen intervention and bond market turmoil
Roger J Kerr looks for the drivers of the recent US bond market rout, and notes the US dollar is sliding on their weaker economic data. He also sees our string local bounce-back of business confidence defying global uncertainty