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 a 1-yr low of 0.5797 against the U.S. dollar, from yesterday's closing value of 0.5845.
Against the yen and the euro, the kiwi slid to more than a 2-month low of 89.35 and a 1-week low of 1.7997 from Monday's closing quotes of 90.14 and 1.7951, respectively.
If the kiwi extends its downtrend, it is likely to find support around 0.56 against the greenback, 88.00 against the yen and 1.82 against the euro.
read more
Commodity Currencies Drop After Trump's New Tariff Threats
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, after U.S. President-elect Donald Trump announced a 10 percent additional tariff on all Chinese goods and a 25 percent tariff on imports from Mexico and Canada, raising concerns over global trade tensions.
RTTNews
|
5h 41min ago
U.S. Dollar Recovers Against Some Majors
The U.S. dollar recovered against some of its major counterparts in the New York session on Monday.
RTTNews
|
16h 2min ago
U.S. Dollar Falls Amid Risk Appetite
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
RTTNews
|
1 day ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Monday.
RTTNews
|
1 day ago
Euro Falls As Weak Eurozone PMI Triggers ECB Rate Cut Bets
The euro weakened against other major currencies in the European session on Friday, as traders bet a possibility of an interest-rate cut by the European Central Bank (ECB) after data from Germany and the Eurozone showed that the business activity in the private sector contracted in November.
RTTNews
|
4 days ago
Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Friday.
RTTNews
|
4 days ago
NZ Dollar Falls Amid RBNZ Rate Cut Prospects
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders expect the Reserve Bank of New Zealand (RBNZ) to cut its interest rates at the next week's monetary policy meeting.
RTTNews
|
4 days ago
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews
|
4 days ago
