The New Zealand dollar extended previous session’s downtrend against other major currencies in early deals on Monday.
The kiwi reached more than a monthly low of 1.6220 against the euro around 4:50 am ET. On the downside, the NZ dollar may find target around the 1.6230 level.
The kiwi fell below the key 0.83 level against the US dollar for the first time since January 7. The next downside support for the kiwi-greenback pair is seen at 0.8215.
The New Zealand currency reached a 5-day low of 1.2544 against the Australian dollar and a 4-day low of 75.24 against the yen around 4:50 am ET. On the downside, the kiwi may find support levels at 1.2570 against the aussie and 74.70 against the yen.
by RTT Staff Writer
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