NZD/USD rises to 2-year highs

FXStreet (Córdoba) - The NZD/USD peaked during the American session to 0.8685, hitting the highest price since July 2011. Afterwards the pair pulled back slightly but remains near the highs hovering around 0.8670.

The Kiwi rose for the fourth day in a row against the US dollar on Thursday, extending the rally from 0.8520 and posted a daily gain of 70 pips. The NZD/USD continues to move with an upside bias and holds momentum but some indicators are on overbought territory.

All commodity currencies rose versus Greenback on Thursday and are headed toward strong weekly gains.