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NZD/USD Leads Top Performing Pairs

M. Ali 28 August, 2020 11:19 pm Forex Market, Market Update

The New Zealand Dollar (NZD) expanded its gains on Friday, with most gains seen against the US Dollar (USD), following recent remarks by the US Federal Reserve that showed tolerance towards inflation going above the 2% target.

This comes two week after the Reserve Bank of New Zealand (RBNZ) increased its quantitative easing allowance from NZD 60 billion to NZD 100 billion.

The NZD/USD is the top performing pair today, rising by 1.26% and trading at 0.67234.

The NZD is also up against its Canadian counterpart (CAD) by 1.15%, by 0.92% in front of the Swiss Franc (CHF), and Euro (EUR) by 0.70%.

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