Market Research: USD

Source: Dukascopy Bank SA
The New Zealand Dollar is still one of the best-performing currencies this year. The kiwi added 1.67% over the last week, with even more impressive gains in the past 130 and 250 trading days. The main reason for another boost was a decision by the RBNZ to make a third consecutive rate hike, bringing the official cash rate to 3.25%. In contrast, the single currency and the Swiss Franc were the main losers last week, each losing 1.26% and 1.19%, respectively. The impact of the latest rate cuts and the extension of the LTRO programme are finally feeding through the economy, while ECB's officials' comments and a monthly bulleting only added fuel to the fire. 

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