Kiwi Higher on Good Prospects for US Economy & Equity Gains

The New Zealand dollar advanced today against most major currencies as global stocks gained and outlook for the US economy remained positive, increasing demand for higher-yielding assets.
Analysts predict that a report next week will show that manufacturing in the United States expanded. The Standard & Poor’s 500 Index rose as much as 1.1 percent, while the Stoxx 600 Index advanced 0.9 percent yesterday. The MSCI Asia Pacific Index added 0.3 percent.
NZD/USD went higher from 0.7707 to 0.7732 and EUR/NZD slid from 1.6795 to 1.6717 as of 11:51 GMT today.

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