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Forex News: NZ Dollar Drops Against Majors

NZ Dollar Drops Against Majors

07/19/2024 - 02:18:00 (RTTNews)

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

The NZ dollar fell to more than a 2-month low of 0.6021 against the U.S. dollar, a 2-day low of 1.1125 against the Australian dollar and a 2-1/2- month low of 1.8080 against the euro, from yesterday's closing quotes of 0.6044, 1.1092 and 1.8080, respectively.

Against the yen, the kiwi edged down to 94.79 from Thursday's closing value of 95.11.

If the kiwi extends its downtrend, it is likely to find support around 0.58 against the greenback, 1.12 against the aussie, 1.83 against the euro and 92.00 against the yen.

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