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Forex News: NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

06/17/2024 - 04:58:00 (RTTNews)

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

The NZ dollar fell to a 6-day low of 96.10 against the yen and a 4-day low of 1.7508 against the euro, from early highs of 96.69 and 1.7437, respectively.

Against the U.S. and the Australian dollars, the kiwi slid to a 1-week low of 0.6109 and a 5-day low of 1.0799 from early highs of 0.6138 and 1.0769, respectively.

If the kiwi extends its downtrend, it is likely to find support around 94.00 against the yen, 1.77 against the euro, 0.60 against the greenback and 1.09 against the aussie.

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