News Column

NZ Dollar Retreats Against Most Majors

July 10, 2014

BRUSSELS (Alliance News) - The NZ dollar retreated against most major currencies in the early European session on Thursday.

Pulling away from a 3-year high of 0.8834 against the US dollar, 3-month high of 89.69 against the yen and 2-day high of 1.5442 against the euro, the NZ dollar retreated to 0.8713, 89.42 and 1.5480, respectively. At yesterday's close, the kiwi was trading at 0.8820 against the greenback, 89.65 against the yen and 1.5449 against the euro.

If the kiwi extends its downtrend, it is likely to find support around 88.81 against the yen, 0.86 against the greenback and 1.55 against the euro.

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Source: Alliance News

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