RTTN: NZ Dollar Soars To 2-day High Against Greenback, Yen And Euro
(RTTNews) - Erasing most of its early European session's losses, the New Zealand dollar gained ground against its major opponents in early New York trading on Thursday.
The kiwi climbed to a 2-day high of 0.7069 against the US dollar and 59.86 against the yen around 9:00 am ET, compared to yesterday's closing quotes of 0.6995 and 59.17, respectively.
On the upside, the New Zealand currency may find resistance levels at 0.7085 against the greenback and 60.45 versus the yen.
The NZ dollar also jumped to a 2-day high of 1.7951 against the euro at this time and this may be compared to yesterday's close of 1.8107. If the kiwi strengthens further, likely resistance level is seen at 1.7860.
Against the Australian currency, the New Zealand dollar reached as high as 1.2581 before holding steady around 9:00 am ET. The aussie-kiwi pair that closed yesterday's deals at 1.2646 is presently quoted at 1.2594.
