The U.S. dollar traded near a seven-week low on Thursday while the kiwi jumped after data showed the country\u2019s second quarter economic growth topped estimates.<\/p>\n
The\u00a0<\/span>U.S. dollar index<\/a><\/span>\u00a0<\/span>that tracks the greenback against a basket of other currencies inched down 0.01% to 94.11 by 12:22AM ET (04:22 GMT). Reports of the tariffs imposed by the U.S. and China on each other’s goods being set at lower levels than expected were cited as headwind for the dollar prices, which is widely seen as safe-haven assets.<\/p>\n The dollar was also under pressure after a report said that the U.S. and Canada are unlikely to reach an agreement on NAFTA this week.<\/p>\n Meanwhile, the\u00a0<\/span>New Zealand dollar\u00a0<\/span><\/a><\/span>rose as much as 0.6% to a three-week high of $0.6652 after data from the Stats NZ revealed the country\u2019s Q2\u00a0<\/span>GDP<\/a><\/span>\u00a0<\/span>rose 1% quarter-on-quarter in the three months through June and outperformed the general consensus of a 0.7% increase.<\/p>\n The Australian dollar, seen as a proxy for China-related trades, slipped on Thursday against the dollar but still hovered near three-week highs, having gained 1.5% so far this week. The\u00a0<\/span>AUD\/USD<\/a><\/span>\u00a0<\/span>pair last traded at 0.7256, down 0.09%.<\/p>\n