Currency Alerts
10/25/2009 11:56 PM ET
(RTTNews) -
During early Asian deals on Monday, the New Zealand dollar slipped to a 5-day low against the European currency. The kiwi also edged down against the Japanese yen and declined from a 5-day high against the Australian dollar. On the other hand, the New Zealand currency showed strength against the US dollar.
Against the US dollar, the New Zealand currency showed strength during early Asian deals on Monday. The kiwi-dollar pair climbed to 0.757, compared to 0.7547 hit late New York Friday. The next upside target level for the pair is seen around 0.770.
The New Zealand dollar slipped to a 5-day low of 1.9969 against the European currency during today's early Asian trading. The euro-kiwi pair is currently trading at 1.9944 with 2.025 seen as the next target level. The pair closed Friday's North American session at 1.9900.
Against the Japanese yen, the NZ dollar edged down during Monday's early Asian deals. The kiwi-yen pair thus touched a low of 69.18, compared to Friday's closing value of 69.52. If the pair falls further, 65.8 is seen as the next target level.
The kiwi that closed Friday's New York deals at 1.2240 against the Australian currency rose to a 5-day high of 1.2212 during Monday's early Asian deals. Thereafter, the kiwi reversed its direction and is presently trading at 1.2269. On the downside, 1.231 is seen as the next target level for the New Zealand dollar.
The Australian dollar reversed direction after a report showed that Australia's PPI increased in the third quarter of 2009.
Producer prices in Australia were up 0.1 percent in the third quarter of 2009 compared to the previous three months, the Australian Bureau of Statistics said today. That was below expectations for a 0.3 percent increase following the 0.8 percent quarterly decline in Q2.
On an annual basis, producer prices were up 0.2 percent versus forecasts for a 0.5 percent increase after the 2.1 percent gain in the previous three months.
The German GfK consumer confidence report for November is expected in the European session today.
by RTT Staff Writer
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