NZ Dollar Slides Against Most Majors
May 29 2023 - 9:07PM
RTTF2
The New Zealand dollar weakened against its most major
currencies in the Asian session on Tuesday.
The NZ dollar fell to more than a 6-1/2-month low of 0.6029
against the U.S. dollar and a 5-day low of 84.56 against the yen,
from yesterday's closing quotes of 0.6053 and 85.04,
respectively.
Moving away from an early 4-day high of 0.7659 against the euro,
the kiwi dropped to a 4-day low of 1.7752.
If the kiwi extends its downtrend, it is likely to find support
around 0.59 against the greenback, 82.00 against the yen and 1.78
against the euro.
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