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Forex News: NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

09/18/2017 - 01:47:00 (RTTNews)

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

The NZ dollar rose to nearly a 4-week high of 1.6269 against the euro and a 6-week high of 81.65 against the yen, from Friday's closing quotes of 1.6463 and 80.13, respectively.

Against the U.S. and the Australian dollars, the kiwi advanced to nearly a 6-week high of 0.7344 and nearly a 3-week high of 1.0937 from last week's closing quotes of 0.7239 and 1.1043, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 1.61 against the euro, 82.00 against the yen, 0.74 against the greenback and 1.08 against the aussie.

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