The NZD/USD sits at a similar level as yesterday morning, at 0.8250, having traded above 0.8280 overnight. Yesterday’s Half Year Economic and Fiscal Update confirmed the NZ fiscal accounts are on a solid footing. As economic momentum is picking up, stronger revenues will help contribute to the Government reaching surplus in the year to June 2015. Government bond issuance programmes have also been reduced.
Read the full report: FX Daily
BNZ