On Thursday, the Australian Government published a report showing that, despite the stable growth of country’s economy during the past quarter, the trade surplus declined, causing the Australian Dollar to drop by 90.75 US cents. However, the New Zealand Dollar seemed to top the value of its counterparts, especially the US Dollar and the Japanese Yen.

The report included some data regarding the ability of Australia’s economy to compete with the rapid growth of the US manufacturing sector and with the unexpected increase in the factory activity of China.

However, on Wednesday, the Strategist of the markets of the Bank of New Zealand, Mike Jones had said that the Australian GDP current figures are putting the Australian Dollar on “the path for glory" against the US Dollar.

Mr. Jones also expressed his optimism in the New Zealand Dollar and said that it would be capable of maintain the head start over the US currency in the next couple of weeks.

In the second fiscal quarter, the Australian Dollar recorded a significant rise, which ultimately increased the activity of the economy. At that time, the Australian economy recorded an unanticipated growth of 1.2%, whereas the experts forecasted only a 0.9% rise.