The New Zealand dollar broke above 0.7 to hit a 1-week high against its U.S. counterpart on Thursday, following the release of upbeat data on employment in Australia.
As the European trading session began, NZD/USD hit 0.7013; it subsequently consolidated around 0.6999, gaining 1.03%. The pair was likely to find resistance at 0.7151, last Wednesday's high, and support at 0.6816, Monday's low.
The kiwi also surged against the yen: NZD/JPY shot up 0.91%, hitting 62.32.
Also Thursday, hopes that a European Union summit would lay the groundwork for a rescue package for debt-laden Greece boosted demand for risky assets and commodity-related currencies, such as the kiwi.
Earlier in the day, Australia's statistics bureau said the number of people employed in the country climbed by 52,700 in January, the fifth monthly gain. The jobless rate fell to 5.3% from 5.5%.