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Forex - NZD/USD near 6-year trough as yuan devaluation still weighs

Kiwi falls to fresh multi-year lows vs. greenback on China devaluation move

Investing.com - The New Zealand dollar was trading near a fresh six-year trough against its U.S. counterpart on Wednesday, as news of a devaluation of the China's yuan on Tuesday continued to weigh broadly on Asian currencies.

NZD/USD hit 0.6468 during late Asian trade, the pair's lowest since July 2009; the pair subsequently consolidated at 0.6526, down 0.14%.

The pair was likely to find support at 0.6191 and resistance at 0.6635, Tuesday's high.

But...


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