NZD/USD falls to 2-week lows

FXStreet (Córdoba) - NZD/USD weakened further during the American session despite an increase in dairy prices at the latest GDT auction. The pair broke below 0.7700 and dropped to 0.7678, reaching the lowest price since January 5.

Currently the pair trades at 0.7695, 80 pips below yesterday's closing price. It is falling for the third day in a row weakened by a stronger US dollar and as stocks decline in Wall Street.

The GDT index rose for the third consecutive event and climbed 1% today but the kiwi remained weak across the board.