Kiwi dollar that slipped against its U.S., European and Japanese counterparts in early Wednesday Asian trading recouped its losses in the latter part of the session as most Asian stocks rose today.
On the other hand, the NZ dollar eased from a 1-week high against the Aussie.
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The New Zealand dollar is currently trading near yesterday's close of 0.7209 against the US currency and 65.14 against the yen, compared to early Asian session lows of 0.7172 and 64.68, respectively.
If the kiwi advances further, it may target 65.9 against the yen and 0.727 against the greenback.
The Bank of Japan said Wednesday that the monetary base in Japan was up 4.4 percent on year in October, coming in at 92.86 trillion yen. That follows the 4.5 percent annual increase in September.
The New Zealand dollar gained against the euro after touching a low of 2.0528 on Tuesday. At present, the euro-kiwi pair is worth 2.0450, compared to Tuesday’s close of 2.0442. The next upside target level for the NZ currency is seen at 2.015.
The New Zealand dollar jumped to a 1-week high of 1.2427 against the Aussie Tuesday. Thereafter, the kiwi fell and the pair is presently trading near Tuesday’s New York session close of 1.2538. On the downside, 1.2615 is seen as the next target level for the kiwi.
