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NZ Dollar Appreciates Amid Rising Risk Appetite

The NZ Dollar firmed against its major counterparts in the Asian session on Friday, as most Asian stock markets rose following the positive cues overnight from Wall Street as U.S. regulators eased regulations that will allow banks to invest in risky assets such as venture capital funds. The rule changes will also enable banks to avoid having to set aside cash when trading derivatives with their affiliates. The announcement of the easing of regulations could free up billions of dollars in capital in the banking industry. The Kiwi climbed to a 2-day high of 0.6449 against the greenback, from a low of 0.6414 set at 8:50 pm ET. The kiwi is seen finding resistance around the 0.66 level. The kiwi advanced to a 2-day high of 1.7404 against the euro, after falling to 1.7475 at 8:50 pm ET. The kiwi is poised to find resistance around the 1.72 level. The kiwi appreciated to a 2-day high of 69.10 against the yen, after having fallen to 68.75 at 8:50 pm ET. If the kiwi rises further, 71.00 is possibly seen as its next resistance level. Data from the Ministry of Internal Affairs and Communications showed that consumer prices...

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NZ Dollar Appreciates Amid Rising Risk Appetite

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