The New Zealand dollar advanced to a 2-day high of 1.6640 against the euro on Wednesday morning in New York, up by more than 1 percent from its Asian session low of 1.6822.
The 10-day simple moving average level has broken in the pair at 1.6680 and its next barrier is seen around the 1.6550 area, its 15-day SMA. Beyond that, 1.65 level is the key resistance.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.