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Forex News: NZ Dollar Drops Against Majors

NZ Dollar Drops Against Majors

09/22/2017 - 01:28:00 (RTTNews)

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

The NZ dollar fell to 3-day lows of 0.7280 against the U.S. dollar and 81.37 against the yen, from yesterday's closing quotes of 0.7307 and 82.16, respectively.

Against the euro, the kiwi dropped to a 2-day low of 1.6425 from yesterday's closing value of 1.6341.

The kiwi edged down to 1.0884 against the Australian dollar, from yesterday's closing value of 1.0849.

If the kiwi extends its downtrend, it is likely to find support around 0.71 against the greenback, 79.00 against the yen, 1.67 against the euro and 1.10 against the aussie.

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