NZ Dollar Drops Against Most Majors
12 August 2015 - 5:08AM
RTTF2
The New Zealand dollar weakened against most major currencies in
the Asian session on Wednesday.
The NZ dollar fell to a 6-year low of 0.6465 against the U.S.
dollar and nearly a 2-year low of 1.7055 against the euro, from
yesterday's closing quotes of 0.6539 and 1.6878, respectively.
Against the yen, the kiwi dropped to more than a 3-week low of
80.95 from yesterday's closing value of 81.81.
If the kiwi extends its downtrend, it is likely to find support
around 0.63 against the greenback, 1.71 against the euro and 79.00
against the yen.
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