The New Zealand dollar traded higher further against major currencies after the releasing of NZ Q1 Gross Domestic Product or GDP report in early Asian trading on Thursday. The economy of New Zealand expanded in the first quarter of 2011 by a better-than-expected 0.8 percent, according to data published by Statistics NZ.
For the full year through Q1, the economy grew 1.5 percent.
Extending its previous session’s uptrend, the kiwi advanced further against the US dollar in today’s early deals and hit more a 30-year high of 0.8503 by about 6:55 pm ET. The pair that closed yesterday’s New York session at 0.8376, is now worth 0.8486.
The kiwi climbed further against the euro in early Asian session and set nearly a 4-year high of 1.6754 as of 6:55 pm ET from Wednesday’s closing value of 1.6921. As of now, the pair is trading near 1.6779.
Against its Australian counterpart, the NZ currency edged up and jumped to a new multi-month high of 1.2685 at about 6:50 pm ET. Presently, the pair is trading at 1.2710, compared to 1.2852 hit late New York Wednesday.
The kiwi also traded higher against the Japanese yen during early Asian deals today. At 6:55 pm ET, the kiwi rose to a 3-day high of 67.15 versus the yen, which may be compared to yesterday’s New York session close of 66.15. At ;present, the NZ unit is worth 66.93 against the yen.