New Zealand Dollar Moves Higher Against Majors, Wednesday, August 01, 2007 5:34:16 PM
The kiwi saw strength against the other majors in late-afternoon trading on Wednesday in New York. The currency moved away from a near-term low against the sterling and also gained on the dollar and euro. . The currency moved with little news from the area.The New Zealand dollar has surged above a resistance level against the greenback in late-afternoon trading in New York. The pair was uncertain through the morning and early afternoon. The kiwi began to rise at around 3:15 p.m. ET and continued to do so for the next two hours. It is currently at 0.7662 against its U.S. counterpart.
The kiwi saw strength in the later afternoon against the euro and was up for the day on Wednesday in New York. The New Zealand currency fell in early trading, but bounced back later in the morning to recoup those losses. It gained again starting at around 3 a.m. ET and continued to climb for a few hours.
The kiwi moved up on the pound in afternoon trading on Wednesday in New York. The New Zealand currency was range-bound with the sterling until breaking ahead of resistance at around 4:30 p.m. ET. The rally took the aussie away from a two-month low.
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posted by Kalin Tasev @ 7:51 PM
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