FXstreet.com (Sydney) - The Kiwi lost ground against the dollar in line with the Aussie and is now at 0.7091. The Kiwi fell in regularly hitting an intraday low of 0.7038. The NZD/USD is considered slightly bullish and finds support at 0.7080 and resistance at 0.7134.
The Aussie as well as the pound fell after the Dubai government will seek extensions on maturing debt. This resulted in the return of risk aversion. In addition however, Dubai World operates nearly fifty percent of the ports in Australia.