News Column

NZ Dollar Rises Against Most Majors

August 5, 2014

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

The NZ dollar rose to 4-day highs of 0.8530 against the US dollar and 87.47 against the yen, from early lows of 0.8509 and 87.30, respectively.

Against the euro, the kiwi edged up to 1.5731 from an early low of 1.5763.

If the kiwi extends its uptrend, it is likely to find resistance around 0.87 against the greenback, 88.58 against the yen and 1.56 against the euro.

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Source: Alliance News

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