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Monday during early Asian deals, the New Zealand dollar dropped to new multi-day lows against its US, Japanese and European counterparts. But the kiwi climbed to a 2-week high against its Australian counterpart due to across the board weakening of the latter.
In early trading on Monday, the New Zealand kiwi drifted lower versus its Japanese counterpart. At about 7:35 pm ET, the kiwi touched a 10-day low of 52.88 against the yen, compared to hit 53.37 late Friday in New York. If the kiwi slips further, the next likely target is seen around the 51.9 level.
The New Zealand dollar declined to a 4-day low of 0.5870 against the US dollar and a 5-day low of 2.2923 against the euro during Monday's early deals, compared to Friday's closing values of 0.5909 and 2.2978, respectively. On the downside, the NZ dollar may likely target the 0.575 level against the buck and 2.249 level versus the single currency.
On the other hand, the New Zealand dollar climbed to a 2-week high versus its Australian counterpart during today's early deals. The kiwi that was worth 1.1907 against the Aussie at last week's close, climbed to 1.1855 by about 8:15 pm ET. On the upside, the NZ dollar may likely target the 1.174 level against the Australian currency.
The number of posted job opportunities in Australia declined sharply compared to both one month ago and one year ago. The Australia and New Zealand Banking Group reported that its survey of December job postings showed an overall declined of 9.7 percent from November, to a weekly average of 190,661. For the full year, job ads were down 29.9 percent.
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