The New Zealand dollar gained today against its major peers even though domestic economic reports were mixed, providing not that much help to the currency.
The seasonally adjusted number of building consents dropped 4.9 percent in August following the 20 percent gain in July. As for the positive part of today’s data, the ANZ Business Confidence improved markedly from -29.1 in August to -18.9 in September. The reports had limited impact on the New Zealand dollar, which was boosted mostly by the risk-favorable market sentiment that helped other growth-related currencies as well.
NZD/USD gained from 0.6345 to 0.6386 and NZD/JPY advanced 1.1 percent from 75.97 to 7699 as of 8:59 GMT today.
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