The New Zealand dollar inched up on Wednesday, helped by a softer US dollar, as traders awaited a business confidence survey due later in the day. NZ dollar trades a high of $0.7009, extending gains after hitting a two-week low of $0.6898 on Tuesday, as the euro reclaims some of its losses versus the US dollar on short-covering.
The market awaiting of release of the National Bank of NZ's business outlook for August, due at 3 pm (0300 GMT). Survey expected to show slight recovery in confidence on cheaper energy costs and lower interest rates.