NZ Dollar Drops Against Most Majors
06 October 2017 - 10:54AM
RTTF2
The New Zealand dollar weakened against most major currencies in
the Asian session on Friday.
The NZ dollar fell to more than a 4-month low of 0.7096 against
the U.S. dollar, from yesterday's closing value of 0.7111.
Against the euro and the yen, the kiwi dropped to 3-week lows of
1.6490 and 80.09 from yesterday's closing quotes of 1.6452 and
80.23, respectively.
If the kiwi extends its downtrend, it is likely to find support
around 0.69 against the greenback, 1.67 against the euro and 78.00
against the yen.
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