The New Zealand dollar weakened against the other major currencies in the Asian session on Thursday.
The NZ dollar fell to more than a 2-week low of 1.7966 against the euro, from yesterday’s closing value of 1.7503.
Against the U.S. dollar, the yen and the Australian dollar, the kiwi dropped to a 3-day low of 0.6256, a 2-day low of 75.11 and a 9-day low of 1.1153 from yesterday’s closing quotes of 0.6383, 77.02 and 1.0949, respectively.
If the kiwi extends its downtrend, it is likely to find support around 1.66 against the euro, 0.61 against the greenback, 72.00 against the yen and 1.12 against the aussie.
The material has been provided by InstaForex Company – www.instaforex.com