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Forex News: NZ Dollar Drops Against Majors

NZ Dollar Drops Against Majors

10/11/2017 - 03:17:00 (RTTNews)

(RTTNews) - The New Zealand dollar weakened against other major currencies in early European deals on Wednesday.

The kiwi reversed from its early highs of 79.71 against the yen and 1.0983 against the aussie and a 5-day high of 0.7099 against the greenback, falling to 79.39, 1.1016 and 0.7062.

The kiwi slid to a 17-month low of 1.6735 against the euro, from a high of 1.6651 hit at 10:30 pm ET.

On the downside, the kiwi may find support around 78.00 against the yen, 0.685 against the greenback, 1.69 against the euro and 1.11 against the aussie.

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