NZ Dollar Slides Against Most Majors
(RTTNews) - The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
The NZ dollar fell to 4-day lows of 0.5933 against the U.S. dollar and 1.8034 against the euro, from yesterday's closing quotes of 0.5970 and 1.7948, respectively.
Against the yen, the kiwi edged down to 92.98 from Monday's closing value of 93.34.
If the kiwi extends its downtrend, it is likely to find support around 0.57 against the greenback, 1.82 against the euro and 91.00 against the yen.
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Commodity Currencies Rise On Upbeat Crude Oil Prices
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as the crude oil prices rose amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine.
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Commodity Currencies Rise Against Majors
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday.
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Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Tuesday, as traders are worried that protectionist policies by President-elected Donald Trump could disrupt the Eurozone's growth potential.
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Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Tuesday.
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Antipodean Currencies Rise As Asian Markets Trade Mostly Higher
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday, as traders picked up some stocks at a bargain after the recent weakness in the markets amid concerns about the outlook for interest rates. Strong gains in mining and energy stocks also boosted the markets amid climbing commodity prices.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday.
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U.S. Dollar Strengthens After Strong Retail Sales Data
The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October.
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Yen Falls As Japan GDP Growth Slows In Q3
The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan.
Data from the Cabinet Office showed that the Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024. That was in line with expectations and down from 0.7 percent in the second quarter.
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