Investing.com - The kiwi gained in early Asia on Wednesday after the central bank highlighted housing market risks in its latest financial stability report.
NZD/USD traded at 0.7125, up 0.74%. Elsewhere, USD/JPY was quoted up 0.38% to 112.37, while AUD/USD traded at 0.7485, up 0.05%.
In Japan, industrial production is ahead with a 0.1% fall seen month-on-month in October.
Australia reports HIA new home sales for November with October last up 3.8% month-on-month. Later come building approvals expected up 1.5% month-on-month in October and private sector credit with a 0.4% gain seen in October month-on-month.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 101.01.
Overnight, the dollar trimmed gains but remained broadly supported against the other majors currencies on Tuesday, as the release of strong U.S. data added to optimism over the strength of the economy.
Official data showed that the second estimate of third quarter U.S. gross domestic product rose 3.2%, up from the initial reading of a 2.9% expansion.
Analysts were looking for a smaller upward revision to just 3.0%. In addition, the Conference Board said its consumer confidence index rose to 107.1 this month from a reading of 100.8 in October, whose figure was revised from a previously reported 98.6.
Analysts had expected the index to increase to 101.2 in November. The upbeat data added to optimism over the outlook for the U.S. economy amid expectations that increased fiscal spending and tax cuts under the Trump administration will spur economic growth and inflation.
The strong report also added to expectations that the Federal Reserve will decide to raise interest rates at its December policy meeting.