NZ Dollar Drops Against Majors




Reversing direction, the New Zealand dollar slipped against other major currencies in Asian deals on Monday.
The kiwi fell to 0.8557 against the greenback, its lowest since April 4. This may be compared to an early 4-day high of 0.8600.
Pulling away from an early 4-day high of 1.6056 against the euro, the kiwi slipped to near a 3-week low of 1.6133.
The kiwi has come off from an early high of 1.0849 against the aussie, declining to a 4-day low of 1.0891.
The kiwi fell back slightly against the yen and was trading around 87.87, compared to an early 4-day high of 88.13.
If the kiwi extends decline, it is likely to seek downside target around 0.85 against the greenback, 1.62 against the euro, 1.095 against the aussie and 87.00 against the yen.



News are provided by InstaForex.