NZ Dollar Drops Against Majors
July 16 2017 - 8:53PM
RTTF2
The New Zealand dollar weakened against other major currencies
in the Asian session on Monday.
The NZ dollar fell to nearly a 2-month low of 1.0674 against the
Australian dollar, from Friday's closing value of 1.0649.
Against the euro and the yen, the kiwi dropped to 4-day lows of
1.5658 and 82.41 from last week's closing quotes of 1.5601 and
82.65, respectively.
Against the U.S. dollar, the kiwi edged down to 0.7317 from
Friday's closing value of 0.7345.
If the kiwi extends its downtrend, it is likely to find support
around 1.08 against the aussie, 1.60 against the euro, 81.00
against the yen and 0.71 against the greenback.
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