NZ Dollar Slides Against Majors
September 04 2023 - 11:19PM
RTTF2
The New Zealand dollar weakened against other major currencies
in the early European session on Tuesday.
The NZ dollar fell to a 10-month low of 0.5879 against the U.S.
dollar, from an early high of 0.5939.
Against the yen and the euro, the kiwi slid to a 1-week low of
86.44 and a 5-day low of 1.8306 from early highs of 87.03 and
1.8173, respectively.
Moving away from an early high of 1.0836 against the Australian
dollar, the kiwi edged down to 1.0878.
If the kiwi extends its downtrend, it is likely to find support
around 0.57 against the greenback, 85.00 against the yen, 1.85
against the euro and 1.09 against the aussie.
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