NZ Dollar Strengthens as Concern About Japanese Crisis Eases

The New Zealand dollar gained today, rising for the third consecutive session versus its US counterpart, as the Japanese specialists are making progress in getting the reactors of the damaged nuclear plant under control.
Japan’s Prime Minister Naoto Kan said today that the workers made progress in restoring power to the reactors at the damaged Fukushima Dai-Ichi nuclear plant and that he sees “light at the end of the tunnel” for Japan’s crisis. The MSCI Asia Pacific excluding Japan Index of stocks gained 1.1 percent.
NZD/USD advanced today from 0.7297 to 0.7346 as of 11:55 GMT.

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