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New Zealand Dollar Still Bullish after 1.1B Trade Surplus Reported

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The New Zealand dollar (NZD) has continued to push higher against all of its currency rivals following the release of trade balance data which revealed an N$1.1B trade surplus. The economy was expected a rise in its surplus of roughly half that amount.

The boom in value to New Zealand's economy has the kiwi making strides and little seems to stand in its way. This morning's business confidence report also showed marked improvements, which has granted additional support to the island currency.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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