The New Zealand dollar rose against the greenback today as economic data showed the United States factory industry had a 0.7 per cent rise in May, ahead of expectations.
Locally, property market data was strong. Auckland agency Barfoot & Thompson released figures showing house prices hit a new high at $589,251 on average.
The kiwi recently traded at US80.46c, up from US80.39c in the morning. It was at 72.60 on the Trade Weighted Index against major trading partners' currencies, up from 72.52 in the morning.
"The kiwi has had a pretty good day although we haven't managed to break out of recent ranges. It was a quiet day, given the 4th of July holiday in the United States.
"Markets are awaiting the United States employment situation report due out this week, I think we're treading water ahead that announcement. The Australian dollar was strong, breaking up to US103.00c against the greenback," HiFX senior currency strategist Dan Bell said.
On the crosses, the kiwi was at 78.17 Australian cents, up from A78.15c earlier. It was at 63.91 euro cents, up from 63.75 euro cents earlier. The kiwi recently traded at 64.20 Japanese yen, unchanged from 64.20 yen in the morning. It rose to 51.33 pence, up from 51.23 pence earlier.
Bell expected the kiwi to trade between US80.20c and US80.80c overnight, with a bias towards the upside.
http://www.stuff.co.nz/business/market-data/7217238/Kiwi-rises-against-greenback
