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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 Friday.
The NZ dollar fell to a 3-day low of 0.6137 against the U.S. dollar and more than a 3-week low of 1.7812 against the euro, from yesterday's closing quotes of 0.6177 and 1.7725, respectively.
Against the yen, the kiwi edged down to 87.82 from an early 8-year high of 88.59.
If the kiwi extends its downtrend, it is likely to find support around 0.60 against the greenback, 1.79 against the euro and 85.00 against the yen.
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