The New Zealand dollar reached a new historical maximum against its North American counterpart and grew against some other world currencies today, as the US debt ceiling agreement spurred demand for
The kiwi (which is how the NZD is often called) renewed its historical maximums versus the US dollar and the euro today. It also reached a new high level in more than a year against the Japanese yen.
The global hunger for risk increased significantly as the President Obama announced that the political parties has reached a President Obama on the US debt ceiling last night. The debt limit will be raised by at least $2.1 trillion (up from the current $14.3 trillion), while the government spending will be cut by about $2.5 trillion over next 10 years. Improved certainty with the future of world’s biggest economy spurred demand for the
NZD/USD rose from 0.8785 to 0.8822 as of 7:30 GMT after reaching a daily high at 0.8842 today. NZD/JPY went up from 67.99 to 68.42 with a daily maximum at 68.87 — the record level since early May 2010. EUR/NZD fell from 1.6334 to 1.6304.
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