AUDNZD Exchange Rate

The manufacturing sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a score of 48.9.

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.

The total number of building permits issued in Australia was up a seasonally adjusted 1.9 percent on month in March, the Australian Bureau of Statistics said on Thursday - coming in at 12,947.

The Australian dollar weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as traders largely refrained from making significant moves after hawkish comments from a few U.S. Fed officials again raised concerns about the outlook for interest rates.

The pound continues to trade at elevated levels, standing on the cusp of the upcoming Bank of England (BoE) policy meeting.

The overnight trading session unfolded with a notable lack of volatility. Noteworthy shifts were observed among G10 currencies, with particular attention drawn to the Australian dollar and the yen, as the US dollar remained in a weakened position.

The Japanese yen has remained strong in overnight trading following a relatively turbulent session yesterday. The currency briefly climbed back above the 150.00 level and reached an intraday high of 150.16 against the US dollar before sharply dropping to an intraday low of 147.43.

The New Zealand dollar has been the weakest performer among the G10 currencies in the last five trading days, and it further depreciated against the US dollar yesterday.