NZ Dollar Spikes Up Against Majors
August 26 2016 - 4:42AM
RTTF2
The New Zealand dollar gained ground against the other major
currencies in New York morning trading on Friday.
The kiwi climbed to 0.7368 against the greenback, highest since
May 2015, from a low of 0.7290 hit at 5:00 pm ET.
The kiwi strengthened to new 2-week highs of 1.5343 against euro
and 73.82 against the yen, off its early low of 1.5463 and a
session's low of 73.27, respectively.
The kiwi reversed from an early 2-day low of 1.0443 against the
aussie, bouncing back to 1.0414.
On the upside, the kiwi is likely to find resistance around
75.00 against the yen, 0.77 against the greenback, 1.50 against the
euro and 1.03 against the aussie.
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