NZD/USD breaks above 0.8700 to fresh 32-month highs

FXStreet (Córdoba) - The NZD/USD rose sharply from 0.8646 to 0.8725 after the FED released the FOMC minutes, hitting levels not seen since July 2011. Afterwards the pair pulled back slightly but managed to hold above 0.8700 and currently trades at 0.8714, 0.43% up for the day.

The US dollar plummeted across the board after the minutes, pushing the NZD/USD to the upside. The kiwi also rose versus the Loonie and the Aussie, trimming losses.

Rally continues for the NZD/USD

The pair is headed toward the fourth daily gain in a row and the highest close in 32 months. It has approached 2011 highs that lie at 0.8842; if the NZD/USD rises above it would be trading at record levels.