Home / Market Update / Forex Market / NZD Rises on Improved Risk Appetite

NZD Rises on Improved Risk Appetite

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.

Check Also

U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty

The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased …