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NZD outperforms as stronger manufacturing survey boosts growth outlook
The New Zealand Dollar led major currencies after the manufacturing survey came in stronger than expected, supporting confidence the economy is gaining momentum following the Reserve Bank of New Zealand’s rate hike.
Action Forex reports the New Zealand Dollar led broadly after a manufacturing survey came in much stronger than expected, reinforcing optimism about economic momentum following the Reserve Bank of New Zealand’s rate hike.
The outlet also said the Canadian Dollar was the weakest major currency, even as oil prices rebounded sharply, pointing to underlying, structural weakness.