NZ Dollar Drops Against Majors
May 10 2017 - 8:33PM
RTTF2
The New Zealand dollar weakened against the other major
currencies in the Asian session on Thursday.
The NZ dollar fell to 3-day lows of 1.5940 against the euro and
77.87 against the yen, from yesterday's closing quotes of 1.5683
and 79.14, respectively.
Against the U.S. and the Australian dollars, the kiwi dropped to
nearly a 1-year low of 0.6818 and a 6-day low of 1.0777 from
yesterday's closing quotes of 0.6926 and 1.0625, respectively.
If the kiwi extends its downtrend, it is likely to find support
around 1.61 against the euro, 77.00 against the yen, 0.67 against
the greenback and 1.09 against the aussie.
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