During early Asian deals on Monday, the New Zealand dollar climbed to a 4-day high against its U.S, European and Japanese counterparts as a rise in Asian stocks increased demand for higher-yielding currencies.
Asian stock markets are trading sharply higher today with investors getting back into the buying mode, picking up stocks after Friday's severe setback. Though Wall Street, which was closed last Thursday on Thanksgiving Day holiday, suffered heavily on Friday, most of the markets in the Asia-Pacific region have rebounded strongly on hopes Dubai's financial woes will not significantly halt global economic recovery. Bank stocks are spearheading the rally in most of the markets in the region.
New Zealand's benchmark NZX 50 index .NZ50 is currently up 27.50 points, or 0.89 percent, to 3,121.94.
Against the US dollar, the New Zealand currency traded higher during early Asian deals on Monday. At 10:05 pm ET, the kiwi-dollar pair reached a 4-day high of 0.7217, compared to 0.7108 hit late New York Friday. The next upside target level for the pair is seen around 0.734.
The kiwi that closed Friday's North American session at 2.1074 against the European currency climbed to a 4-day high of 2.0893 at 10:05 pm ET. If the New Zealand currency gains further, 2.062 is seen as the next target level.
Against the Japanese yen, the New Zealand dollar edged higher during Monday's early Asian deals. At 8:30 pm ET, the kiwi-yen pair hit a 4-day high of 62.63, compared to Friday's closing value of 61.49. On the upside, 63.9 is seen as the next target level for the pair.
Industrial production in Japan was up 0.5 percent on month in October, the Ministry of Economy, Trade and Industry said in a preliminary report today, posting an index score of 89.9. That was sharply lower than analyst expectations for a 2.5 percent increase following the 2.1 percent gain in September.
On an annual basis, output fell 15.1 percent after the 18.4 percent contraction in the previous month.
The NZ dollar that closed Friday's New York deals at 1.2773 against the Australian currency rose to 1.2731 at 10:10 pm ET. The aussie-kiwi pair is presently trading at 1.2746 with 1.269 seen as the next target level.
A report from the Reserve Bank of Australia revealed total credit provided to the private sector by financial intermediaries was flat in October, following a 0.1% decline in September. Over the year, total credit rose by 1.1%. Housing credit was up 0.7% in October and increased by 8% over the year, seasonally adjusted.
The TD Securities-Melbourne Institute monthly inflation gauge showed that prices moved up 0.3% in November, matching a 0.3% rise in October. The gauge was flat in September and August. The index also rose 2.1% in the twelve months to November, putting it within the RBA's target band of 2-3% inflation.
In the European session today, the the French producer prices for October and eurozone and the Italian consumer price reports for November are due for release.
Across the Atlantic, the results of the National Association of Purchasing Management-Chicago's business survey for November are scheduled to be released at 9:45 AM ET. The business barometer index based on the survey was at 54.2 in the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.