NZ Dollar Slides Against Majors
January 16 2025 - 8:57PM
RTTF2
The New Zealand dollar weakened against other major currencies
in the Asian session on Friday.
The NZ dollar fell to nearly a 1-month low of 86.87 against the
yen and a 2-day low of 1.8424 against the euro, from yesterday's
closing quotes of 87.12 and 1.8382, respectively.
Against the U.S. and the Australian dollars, the kiwi edged down
to 0.5584 and 1.1102 from Thursday's closing quotes of 0.5608 and
1.1075, respectively.
If the kiwi extends its downtrend, it is likely to find support
around 85.00 against the yen, 1.86 against the euro, 0.53 against
the greenback and 1.12 against the aussie.
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