After edged up in early morning session, the European common currency reversed its direction against the New Zealand dollar during New York mid-day trading on Thursday.
The euro dropped to a 2-day low of 1.5934 versus the kiwi by about 11:30 am ET from early high of 1.5997. The pair that closed Wednesday's North American session at 1.5969 is now worth 1.5938.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.