NZ Dollar Falls Against Majors

RTTNews | 206 days ago
NZ Dollar Falls Against Majors

(RTTNews) - The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.

The NZ dollar fell to a 9-day low of 1.9751 against the euro and a 2-day low of 92.05 against the yen, from yesterday's closing quotes of 1.9602 and 92.71, respectively.

Against the U.S. and the Australian dollars, the kiwi dropped to nearly a 2-week low of 0.5996 and a 6-day low of 1.1786 from Tuesday's closing quotes of 0.6048 and 1.1716, respectively.

If the kiwi extends its downtrend, it is likely to find support around 2.01 against the euro, 90.00 against the yen, 0.58 against the greenback and 1.18 against the aussie.

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