RBNZ Story Keeps NZD Strong Despite Mixed Labour Report
The New Zealand Dollar (NZD) has strengthened against the US Dollar (USD), pushing back towards 0.59, and analysts at UBS remain optimistic about its prospects.
Despite a mixed domestic labour report, the Reserve Bank of New Zealand's (RBNZ) tightening story continues to support the NZD.
The NZD/USD exchange rate has traded around 0.5893 over the weekend, near the upper end of its latest 48-hour range.