New Zealand dollar recovering after two days of declines

New Zealand dollar rose in Friday trades against the US dollar for the first time after two days of decline, this comes after the dollar fell against major currencies during the Asian session, after attempts to rise yesterday.

New Zealand dollar against the US dollar pair is currently trading at 0.6925 level, after recording the highest at 0.6936 while trading today opened at 0.6905 and the lowest level at 0.6904.

The New Zealand dollar managed to rise in early trading this week to its highest level in ten months at 0.7057 before it starts to decline, which took two sessions, and today is trying to return to rise again.

On the other hand, we find that the US dollar witnessed a slight decline against major currencies during the Asian session on Friday trades, after tried to rise yesterday to achieve advantage of Euro weakened after the ECB meeting, which showed continued worries about the future of growth in the global economy as well as the desire of Bank of Europ, maintaining low interest rates for a longer period of time.

The dollar index, which tracks the dollar's performance against a basket of major currencies saw a decline today, recording the lowest level at 94.48 after it opened today's session at the level of 94.64, while the highest level has been recorded at 94.48 and is currently trading at 94.48. This and the dollar index managed to rise during yesterday trades, its highest level at 94.71 and its lowest at 93.90.