Aussie and Kiwi rally on EU summit

Source: Bloomberg
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New Zealand and Australian Dollars appreciated sharply on Tuesday as European officials signalled they have taken measures to end two-year debt crisis. Both South pacific currencies also were fuelled by positive news about Australian business confidence and an increase in home building approvals in New Zealand. Aussie strengthened 0.3% to $1.0632 and Kiwi climbed 0.5% to $0.8233. Currently AUD/USD is trading at $1.0631 and NZD/USD is trading at $0.8231.
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