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NZ Dollar Drops Against Most Majors
(RTTNews) - The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
The NZ dollar fell to nearly a 1-year low of 0.5774 against the U.S. dollar, from yesterday's closing value of 0.5792.
Against the euro and the yen, the kiwi dropped to nearly a 2-month low of 1.8267 and nearly a 1-1/2-month low of 86.78 from Wednesday's closing quotes of 1.8243 and 86.94, respectively.
If the kiwi extends its downtrend, it is likely to find support around 0.55 against the greenback, 1.85 against the euro and 84.00 against the yen.
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