The AUD/NZD pair inclined heavily to record its highest level in 22 day, as the Australian dollar recorded a new all time high verses greenback, supporting the AUD/NZD pair to move to the upside.
The Australian dollar recorded a new all time high against the dollar, as the U.S. dollar fell to a 16-month low against the euro and sterling after the Fed kept interest rates near zero.
The Fed policy makers didn’t give any sign of thinking about monetary tightening anytime soon; pushing the dollar index down by 0.5% and opening the way for the Aussie to achieve more gains against the New Zealand currency.
The New Zealand dollar drooped against the greenback, as the central bank Governor Bollard didn’t welcome the recent Kiwi advance after they kept the interest rate steady at 2.50%.
Early Friday in New Zealand, the economy will release trade balance for March at 22:45 GMT (Thursday) where it’s expected to show a widening surplus to NZ$200 million compare with the previous surplus of NZ$194 million.
The exports are expected to come at NZ$4.20 billion rising from the previous of NZ$3.87 billion. As for imports they are expected at NZ$3.90 billion rising from the previous reading of NZ$ 3.68.
Originally posted here
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