News Column

NZ Dollar Retreats Against Majors

June 27, 2014

BRUSSELS (Alliance News) - The New Zealand dollar pulled away from early highs against most major currencies in Asian deals on Friday.

The kiwi reversed from more than 1-year high of 1.5480 against the euro and near 3-year high of 0.8793 against the greenback hit in early Asian session, falling to 1.5562 and 0.8753, respectively.

The kiwi slipped to a 2-day low of 88.76 against the yen, off early session's high of 89.38.

The kiwi is likely to challenge support around 0.87 against the greenback, 88.00 against the yen and 1.565 against the euro.

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Source: Alliance News

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