NZ Dollar Rises Against Majors



The New Zealand dollar strengthened against the other major currencies in the Asian session on Monday. The NZ dollar rose to near 3-week highs of 1.7491 against the euro and 1.0984 against the Australian dollar, from Friday's closing quotes of 1.7530 and 1.0990, respectively. Against the U.S. dollar, the kiwi advanced to a 10-day high of 0.6402 from last week's closing value of 0.6376. The kiwi edged up to 77.01 against the yen, from Friday's closing value of 76.93. If the kiwi extends its uptrend, it is likely to find resistance around 1.70 against the euro, 1.08 against the aussie, 0.65 against the greenback and 78.00 against the yen.

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