Kiwi advances after strong economic data

The New Zealand dollar rose Monday against a basket of currencies following the release of upbeat economic data.

The data showed that the food price index in New Zealand - which is famous for its food exports - rose by 0.5% in June, after a drop of 0.8% in May.

New Zealand is one of the least countries hit by the coronavirus pandemic, and announced last month that it had not recorded any infections for several consecutive weeks.

Coronavirus infections increased to 12.5 million cases worldwide, with a death toll of more than 570,000 victims.

The World Health Organization stressed that it does not expect life to return to normal after the coronavirus pandemic, as it expects it will leave changes in our lifestyles.

As of 16:15 GMT, NZD/USD rose 0.1% to 0.6577, after hitting a day high of 0.6594, and a low of 0.6553.