"Risk sentiment has bounced higher, leading to a shift out of safe-havens, while the USD has shown signs of recovery," said Jason Wong, currency strategist at Bank of New Zealand.
The kiwi dollar rose to 60.62 euro cents from 60.29 cents late yesterday after European Central Bank officials including board director Benoit Coeure flagged a gradual reduction in monetary stimulus from the bank.
The trade-weighted index increased to 75.38 from 75.17.
The kiwi rose to 4.7303 yuan from 4.7121 yuan yesterday. It gained to 90.27 Australian cents from 89.97 cents and traded at 55.04 British pence from 54.98 pence.