New Zealand dollar rises for fourth straight session

The New Zealand dollar rose during the Asian session on Thursday for the fourth consecutive day, this comes after the Reserve Bank of New Zealand kept interest rates without change which has increased the demand for the New Zealand currency.

The New Zealand dollar against the US dollar is currently trading at 0.7351 level after it opened today's trading at 0.7345 level and recorded the highest at 0.7369 and the lowest at 0.7344.

The Central Bank of New Zealand aproved expectations and to kept interest rates at a level of 2%, the bank refers to its intention to continue to ease monetary policy even with improved growth rates in New Zealand in order to support the declining levels of inflation.

freezing interest rates in New Zealand in addition to the decline in the US dollar levels after freezing the monetary policy by the Federal Reserve Bank helped to push the New Zealand dollar to rise for the fourth consecutive session.

As for the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 95.45 after it opened today's session at the level of 95.49, while the lowest been recorded at 95.37 after recording the highest at 95.90 comes after rising yesterday to its highest level in five weeks at 96.31.