International credit rating agency Fitch on Tuesday affirmed the
The revision reflected a strengthening the resilience of
The government's fiscal consolidation drive continues to be strong and Fitch believes it is supported across the political spectrum, it added.
The NZ dollar rose to 0.8816 against the US dollar for the first time since
Against the Australian dollar, the kiwi climbed to a 2-month high of 1.0659, from an early low of 1.0707, and held steady thereafter. The pair was quoted at 1.0691 at yesterday's close.
The Westpac Melbourne Institute Index of Consumer Sentiment showed that
The NZ dollar advanced to 1.5446 against the euro, from an early low of 1.5497, and held steady thereafter. The kiwi ended yesterday's deals at 1.5477 against the euro.
Moving away from an early low of 89.17 against the yen, the kiwi rose to 89.58 and held steady thereafter. The kiwi-yen pair was trading at 89.23 yesterday's close.
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