The New Zealand dollar strengthened against its major counterparts in the Asian session on Friday, as promising results from Gilead's Remdesivir for the treatment of COVID-19 underpinned sentiment.

Investors welcomed U.S. President Donald Trump's announcement of new guidelines to states aimed at easing social distancing restrictions and reopening parts of the country.

"We are not opening all at once, but one careful step at a time," Trump said at the coronavirus task force press briefing Thursday as the White House outlined a three-phase approach to gradually bring back parts of public life.

Markets largely shrugged off a spate of Chinese data underscoring a deeper downturn.

China's first quarter GDP shrank 6.8 percent in 2020 as compared to a year ago, marking the first quarterly decline since 1992, as the world's second largest economy took a huge hit from the coronavirus outbreak.

Fixed asset investment in the first quarter tumbled an annual 16.1 percent and industrial production dipped 1.1 percent year-on-year in March, while retail sales plunged 15.8 percent in the month, the National Bureau of Statistics said.

The kiwi appreciated to a 2-day high of 0.6026 against the greenback, from a low of 0.5960 seen at 5:15 pm ET. Next key resistance for the kiwi is seen around the 0.64 level.

The kiwi touched a 2-day high of 65.03 against the yen and held steady thereafter. At yesterday's trading close, the pair was valued at 64.35.

The kiwi advanced to a 2-day high of 1.8041 against the euro, from Thursday's closing value of 1.8170. Should the kiwi strengthens further, it is likely to test resistance around the 1.70 region.

The New Zealand currency edged up to 1.0568 against the aussie, after dropping to 1.0622 at 5:30 pm ET, which was its lowest level since November 20. The next possible resistance for the kiwi is seen around the 1.02 level.

Looking ahead, Eurozone final consumer price index for March is due out in the European session.

The U.S. leading index for March is set for release in the New York session.

Euro vs NZD (FX:EURNZD)
Gráfica de Divisa
De Jul 2020 a Ago 2020 Haga Click aquí para más Gráficas Euro vs NZD.
Euro vs NZD (FX:EURNZD)
Gráfica de Divisa
De Ago 2019 a Ago 2020 Haga Click aquí para más Gráficas Euro vs NZD.