FXstreet.com (London) - The New Zealand Dollar has risen continuously since q1 this, stopping only for brief corrections. High interest rates, means the currency is favourable at times of risk appetite, when investors are prepared to take more risk in return for greater rewards.
The Kiwi has traded softly so far in early Asian trading against the Dollar, currently quoting at 1.4323, versus an open of 1.4329. While no clear range has been consolidated yet, the pair has so far trading in the range between 1.4321 and 1.4328, the days highs and lows.
The New Zealand Herald, reports choppy markets could be in store for the Kiwi: With many offshore participants absent from the currency market from this week, erratic moves of the NZ dollar could be expected, ANZ said.