July 29, 2007
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(RTTNews) - The New Zealand dollar held steady against the US and the Japanese currencies during much of the Asian deals on Monday. Against its Australian counterpart, the kiwi, however, gained slightly during this session.
Deals in the NZ dollar took place amid June M3 money supply data from New Zealand on Monday. New Zealand M3 money supply grew 10.8% year-over-year in the month, according to the official release from the Reserve Bank of New Zealand.
Deals against the Australian dollar are likely to have been affected by the HIA New Home sales data for June and the NAB business climate indicator for the September quarter. While the business confidence improved for the quarter, the home sales dropped in June as per official releases. More…
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