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Forex News: NZ Dollar Weakens Against Majors

NZ Dollar Weakens Against Majors

10/05/2018 - 02:26:00 (RTTNews)

(RTTNews) - The New Zealand dollar drifted lower against its major counterparts in pre-European deals on Friday.

The kiwi slipped to a 2-1/2-year low of 0.6463 against the greenback and more than a 2-week low of 73.59 against the yen, from its early highs of 0.6486 and 73.94, respectively.

Against the euro, the kiwi fell to more than a 3-week low of 1.7801, from an early high of 1.7758.

The kiwi pared gains to 1.0932 against the aussie, from an early high of 1.0906.

The next possible support for the kiwi is seen around 0.63 against the greenback, 72.00 against the yen, 1.80 against the euro and 1.11 against the aussie.

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