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NZD Rises on Improved Risk Appetite

M. Ali 3 July, 2020 8:45 pm Forex Market, Market Update

The New Zealand Dollar (NZD) is showing a strong performance against major currencies, supported by improved risk appetite.

Positive indicators from European PMI reports showed that June saw the best economic activity since the beginning of the COVID-19 pandemic.

Gains by Asian stock markets also helped push the risk appetite further.

NZD is up by 0.37% against the USD and JPY, trading at 0.65325 and 70.221, respectively.

NZD/GBP is also up by 0.39% at 0.5239, while NZD/CAD is up by 0.34% at 0.5809.

NZD/EUR is also up 0.34%, while the Kiwi’s gains against the Swiss Franc stood at 0.32%, with the NZD/CHF currently trading at 0.61715.

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