NZD/USD Rises for Third Day As Risk Appetite Strengthens

The New Zealand dollar rose today versus its US counterpart for the third straight day as the reports showed that the unemployment claims in the US dropped more than expected and as China’s exports grew, bolstering the risk appetite.

The exports of China, New Zealand’s second biggest trading partner, rose by 34.4 percent from the year earlier. The report yesterday showed that the number of claims for the jobless benefits decreased from 478,000 to 451,000 last week. According to the analysts’ estimates, the US retail sales grew 0.3 percent in August, following the 0.4 percent advance in July.

NZD/USD climbed from 0.7242 to 0.7277 as of 9:41 GMT today after it declined to 0.7221.

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