News Column

NZ Dollar Recovers Against Most Majors

July 17, 2014

BRUSSELS (Alliance News) - The NZ dollar recovered from early lows against most major currencies ahead of the European session on Friday.

Moving away from early more than 2-week low of 1.5627 against the euro, 1-month low of 0.8648 against the US dollar and 5-week low of 87.48 against the yen, the NZ dollar climbed to 1.5570, 0.8683 and 87.96, respectively. At yesterday's close, the kiwi was trading at 1.5591 against the euro, 0.8666 against the greenback and 87.63 against the yen.

If the NZ dollar extends its uptrend, it is likely to find resistance around 1.54 against the euro, 0.87 against the greenback and 88.72 against the yen.

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Source: Alliance News

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