The New Zealand dollar has jumped and is expected to rise further following signs the United States recovery remain subdued.
The Kiwi rose 0.75 cents against its American counterpart, to 85.1 US cents, after weaker than expected employment growth in the world's biggest economy, raising fears its economy is losing momentum.
Senior dealer at Hi-FX, Michael Johnston, says global investors are betting the United States Federal Reserve will need to keep injecting money into the economy to support it.
Mr Johnston says that's fuelling demand for currencies such as the Kiwi.
He says the currency is likely to rise further in the short term.
"The Kiwi seems very well-supported at the moment I think there is certainly very real risk it could go higher."
Mr Johnston says New Zealand's relatively strong economy and the prospects of higher interest rates next year means demand for the dollar will remain robust even when the US central bank eventually starts reducing its stimulus programme.
