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NZ Dollar Extends Weakness Against Majors

05:30, 31st August 2015

(RTTNews) - The New Zealand dollar continued its downward trading against its major rivals in New York morning deals on Monday.

The kiwi slipped to a weekly low of 0.6380 against the greenback and a 4-day low of 77.36 versus the yen, off early highs of 0.6466 and 78.63, respectively.

The kiwi hit a 4-day low of 1.7600 against the euro and a weekly low of 1.1143 against the aussie, coming off from its previous weekly high of 1.7262 and a 4-day high of 1.1039, respectively.

If the kiwi continues slide, it may possibly find downside target around 0.62 against the greenback, 75.00 against the yen, 1.78 against the euro and 1.125 against the aussie.

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