News Column

NZ Dollar Climbs Against Majors

May 5, 2014

CANBERA (Alliance News) - The New Zealand dollar drifted higher against other major currencies in Asian deals on Tuesday.

The kiwi strengthened to 0.8705 against the greenback for the first time since April 11.

The kiwi advanced to near a 4-week high of 88.90 against yen and a 3-week high of 1.5937 against the euro.

The kiwi spiked up to 1.0670 against the aussie, a level not seen since April 1.

The next possible upside target for the kiwi is seen around 0.879 against the greenback, 89.5 against the yen, 1.58 against the euro and 1.06 against the aussie.

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Source: Alliance News

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