Aussie and Kiwi appreciate on retail sales data

Source: Bloomberg
© Dukascopy Bank
New Zealand Dollar and Australian climbed on news China may invest in European bailout funds to rescue the region from debt crisis. Kiwi gained extra upward momentum on better than predicted retail sales. Aussie and Kiwi each strengthened 0.4% against greenback to USD 1.0728 and USD 0.8374 respectively. Currently AUD/USD is trading at USD 1.0745 and NZD/USD is trading at USD 0.8384.

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