New Zealand dollar trades in a narrow range

By @ibtimes on

The New Zealand currency (Kiwi) was a little changed against the US counterpart after the economy reported unexpectedly trade balance surplus during the month of July as the nation's exports exceeded imports by NZ$129 million ($108 million), adding the main pillar in New Zealand works to help a spur recovery from the natural disasters that damaged the nation in the first half.

On the other hand, the Australian dollar held a three- day advance against its U.S. counterpart on prospects Asian stocks will extend a global rally in shares, boosting demand for higher-yielding currencies.

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