RTTN:NZ Dollar Trades At 5-week Highs Against Euro, Yen
The New Zealand dollar strengthened against its major rivals in early deals on Tuesday, erasing much of its early Asian session sell-offs, on gaining ground for the commodity linked currencies across the board.
The kiwi dollar climbed to 1.6369 against the euro and 79.62 against the yen around 3:00 am ET, its highest levels against both of those quotes since June 05. The NZ unit advanced to nearly a 3-week high of 0.7873 against the US dollar and a 4-day high of 1.1670 versus the Australian dollar by this time.
Further bullish extension could help the New Zealand currency challenging fresh resistance levels around 1.1650 against the aussie, 80.75 against the yen, 0.79 against the greenback and 1.6240 against the euro.
