The New Zealand dollar gained on Friday as currencies of commodity producing countries like Canada, Australia and New Zealand was favored by the investors. The investors' appetite for higher risk assets connected to global growth prospects improved.
On Friday, the NZ dollar was at 67.16 US cents in Wellington in the morning from 67.38 cents at the New York close.
Compared to January, the BNZ-Business New Zealand Performance of Services index improved 1.5 points to 56.9 in February. Any reading that is beyond 50 indicates expansion.