NZD Rises vs. USD, Gains for Fourth Day vs. JPY

The New Zealand dollar ticked up against its US peer on outlook for prolonged monetary accommodation from the Federal Reserve. The currency also rallied for the fourth straight trading session against the Japanese yen.
Previously, Forex market participants were worried that the Fed is going to tamper quantitative easing and these fears were hurting riskier currencies. Now, traders think that perhaps the US central bank will not act so soon and keep stimulus intact. Central banks of other developed nations are also going to keep monetary policy accommodative, the Bank of Japan among them, and this allowed the kiwi to post massive gains against the yen, which continues to demonstrate weakness.
NZD/USD edged up from 0.8271 to 0.8275 as of 9:33 GMT today. NZD/JPY rallied from 82.72 to 83.02.

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