Kiwi Little Changed Against Other Majors, Thursday, June 21, 2007 5:01:19 PM
The kiwi was virtually unchanged against the major currencies on Thursday in New York. The New Zealand dollar remained near highs against the dollar, euro and sterling. There was little economic news out of New Zealand on Thursday.The New Zealand dollar was uncertain with the U.S. dollar on Thursday in New York. After losing ground in the morning, the kiwi edged higher in the afternoon. The pair traded at 0.7635 at 4:30 p.m. ET. In general, the New Zealand dollar is trading near a multi-year high against the greenback.
The kiwi was generally little changed against the euro on Thursday in New York. After an overnight rise, the New Zealand dollar trended down for most of the morning. It edged higher in the afternoon. By 4:45 p.m. ET, it was a little above its overnight levels. Overall, the kiwi is near its highest level in more than a year against the euro.
The New Zealand dollar was relatively unchanged against the sterling on Thursday in New York. The kiwi saw a little weakness in the late morning, but rebounded in the afternoon. By around 5 p.m. ET, the currencies were back at their overnight levels. In general, the kiwi is trading near an 11-day high.
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posted by Kalin Tasev @ 3:01 PM
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