The New Zealand dollar extended downtrend against the US dollar for the second consecutive session on Tuesday, falling to a 5-day low of 0.7957 around 3:25 am ET, down 0.4 percent from Monday's close of 0.7989.
The kiwi-greenback pair is expected to extend its decline beyond the key 0.78 level as last week's rally above the 0.81 level seems to have a corrective one in a long-term bearish trend that began in early April. The near-term support for the pair is seen around the 0.79 level.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.