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17.12.200800:10:00UTC+00US dollar drops to new multi-week low against loonie and kiwi

The US dollar edged down to 1.1956 and 0.5857 against the currencies of Canada and New Zealand at 11:50 pm ET Wednesday. This set the lowest point for the dollar since November 11, 2008. The next downside target level for the US currency is seen around 1.189 against the Canadian dollar and 0.593 versus the New Zealand dollar. The greenback closed Tuesday's North American session at 1.2023 and 0.5789 against the loonie and kiwi respectively.

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