News Column

NZ Dollar Rises Against Most Majors

July 23, 2014

BRUSSELS (Alliance News) - Reversing from early lows, the New Zealand dollar advanced against most major currencies in early European deals on Wednesday.

The kiwi strengthened to a 1-week high of 1.5492 against the euro, from an early low of 1.5553.

The kiwi recovered from its prior lows of 0.8658 against the greenback and 88.10 against the yen and rose to 0.8688 and 87.85,respectively.

The kiwi is likely to eye resistance around 0.875 against the greenback, 89.00 against the yen and 1.535 against the euro.

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Source: Alliance News

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