During the day, the Kiwi dollar consolidated itself and closed at $75 cents higher. This happened because the previous night the currency market was very volatile.
Latest data gas shown the NZ dollar was at US75.44c at 5pm. This is marginally up from the US75.39c at 8am and was much better as compared to US75.08c that was seen the previous day on the same time.
As against the Australian dollar it was at A77.39c at 5pm as compared to A77.91c at 5pm yesterday.
Experts believe that on Thursday the Kiwi dollar was trading at a very wide range and that is what gave it the necessary push. From the initial period when it had dropped by US74.50c the current situation is much better.
During the later part of the night trading, the investors risk appetite improved and that the rise was the result of that. At the same time, the euro also rose and showed upwards movement that continued during the day in the Asian trading session.
But there was visible worrying on the part of the traders about the US payroll, the data of which is going to come today.
