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Forex News: NZ Dollar Weakens Against Majors

NZ Dollar Weakens Against Majors

10/19/2017 - 02:24:00 (RTTNews)

(RTTNews) - The New Zealand dollar dropped against its major counterparts in pre-European deals on Thursday.

The kiwi declined to a weekly low of 79.78 against the yen, off early more than 2-week high of 80.95.

The kiwi slipped to a 9-day low of 0.7057 against the greenback, weekly low of 1.6720 against the euro and more than a 5-week low of 1.1125 against the aussie, from yesterday's closing values of 0.7149, 1.6478 and 1.0966, respectively.

If the kiwi weakens further, it may find support around 78.00 against the yen, 0.69 against the greenback, 1.70 against the euro and 1.14 against the aussie.

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