NZ Dollar Recovers Against Majors
19 May 2015 - 01:33PM
RTTF2
The New Zealand dollar recovered from early lows against the
other major currencies in the Asian session on Tuesday.
The NZ dollar rose to a 4-day high of 1.5207 against the euro,
from an early low of 1.5366.
Moving away from early 6-day lows of 0.7358 against the U.S.
dollar and 88.28 against the yen, the kiwi advanced to 0.7426 and
89.08, respectively.
Against the Australian dollar, the kiwi climbed to a 4-day high
of 1.0754 from an early 6-day low of 1.0849.
If the kiwi extends its uptrend, it is likely to find resistance
around 1.47 against the euro, 0.77 against the greenback, 90.00
against the yen and 1.05 against the aussie.
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