NZD strengthens to highest level since early June as global markets rally
The New Zealand dollar edged to its highest point since early June as US Treasury yields rose and global risk sentiment improved.
The NZD reached its highest level since early June following stronger-than-expected US and Eurozone economic data. US Treasury yields rebounded across the curve, while oil prices climbed to their highest level in nearly a month. Precious metals extended recent gains as investors responded positively to resilient economic activity signals.
Covered byinterest.co.nzNot covered byRNZStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDesk
Coverage across the news outlets we track, as at publication.
What outlets are saying
interest.co.nz
NZD/AUD held higher levels following the Australian labour market data
US Treasury yields rebounded, led by the long end, as investors looked through Treasury buyback plans. Oil rose to its highest level in almost a month
interest.co.nz
US Treasury yields rose across the curve; the NZD edged up to its highest since early June
PMIs pointed to resilient activity, with stronger US services and an improved Eurozone manufacturing signal supporting risk sentiment. Precious metals extended recent gains, while Brent crude reached a one-month high