NZ Dollar Rises Against Majors
29 May 2017 - 11:05AM
RTTF2
The New Zealand dollar strengthened against the other major
currencies in the Asian session on Monday.
The NZ dollar rose to nearly a 3-week high of 1.5789 against the
euro and nearly a 4-month high of 1.0517 against the Australian
dollar, from Friday's closing quotes of 1.5820 and 1.0538,
respectively.
Against the yen, the kiwi advanced to a 4-day high of 78.69 from
an early low of 78.36.
The kiwi edged up to 0.7069 against the U.S. dollar, from an
early low 0.7037.
If the kiwi extends its uptrend, it is likely to find resistance
around 1.54 against the euro, 1.03 against the aussie, 81.00
against the yen and 0.72 against the greenback.
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