The Kiwi nearly takes the top spot, riding the net positive risk sentiment wave higher at the end of the week.
We also saw surprise better-than-expected New Zealand jobs data and New Zealand re-opening news to likely bring support the the Kiwi dollar.
New Zealand Headlines and Economic data
Positive global risk sentiment continued as news of more economies on the path to end lockdown restrictions. Better-than-expected Chinese trade data and more more positive news on Gilead Sciences’ COVID-19 drug remdesivir likely played a factor as well.
No major catalysts from New Zealand so it’s likely the rally higher in Kiwi was a continuation of Thursday’s drivers, and possibly on not-as-bad-as-expected U.S. (20.5M jobs lost in April) and Canadian employment (2M jobs lost in April) updates.