News Column

NZ Dollar Rises Against Majors

May 8, 2014

CANBERA (Alliance News) - The New Zealand dollar climbed against the other major currencies ahead of European deals on Friday.

The kiwi advanced to a 2-day high of 1.5980 against the euro, compared to yesterday's closing value of 1.6001.

The kiwi that closed Thursday's trading at 1.0828 against the aussie edged up to 1.0817.

The kiwi recovered to 0.8650 against the greenback and 87.98 against the yen from early multi-day lows of 0.8612 and 87.54, respectively.

The kiwi is likely to face resistance around 0.875 against the greenback, 88.5 against the yen, 1.59 against the euro and 1.075 against the aussie.

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Source: Alliance News

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