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Forex News: NZ Dollar Slides Against Most Majors

NZ Dollar Slides Against Most Majors

04/16/2024 - 01:44:00 (RTTNews)

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

The NZ dollar fell to a 5-month low of 0.5874 against the U.S. dollar and nearly a 2-week low of 90.65 against the yen, from Monday's closing quotes of 0.5903 and 91.08, respectively.

Against the euro, the kiwi slid to an 8-day low of 1.8063 from yesterday's closing value of 1.7988.

If the kiwi extends its downtrend, it is likely to find support around 0.57 against the greenback, 89.00 against the yen and 1.81 against the euro.

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