Kiwi down vs dollar on lower consumer confidence
The Kiwi fell notably versus the U.S. dollar early Monday following a series of gains after data showed New Zealand’s consumer confidence decreased in the third quarter of the year, d led investors to trade in other currencies.
The NZD/USD pair dropped to a low of 0.81974 after hitting its high at 0.82188, while the pair started today’s session at 0.82183.
The euro kickstarted the session with a bullish price gap against the greenback--the EUR/USD pair logged a high of 1.33811 from low of 1.33605.
However, the euro slumped the Japanese yen after the boosted demand on the yen, which is gathering momentum as a safe-haven currency amid recent market volatility. The EUR/JPY pair fell to a low of 132.226 from a high of 132.305.
The Japanese yen is making bullish attempts against the New Zealand dollar as the NZD/JPY pair traded in a wide range with high of 75.955 and low of 75.721.
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