The New Zealand economy enjoyed some good data this week, especially on Wednesday. The official cash rate hit expectations boosting the New Zealand dollar by over two percent at that time. From that, the currency has continued in its fine form to levels that, before this month, we haven’t seen since June.
The Swiss economy also saw some encouraging news yesterday, with the LIBOR rate hitting expectations, which boosted the Swiss franc somewhat. There were rumours about a raise in rates, however, the impact of the ECB stimulus fell short of expectations.
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