The New Zealand dollar continued its descending trend against the euro in early European deals on Wednesday.
The kiwi reached a 5-day low of 1.6267 against the euro, down from an early 2-day high of 1.6165. The next possible downside target for the kiwi may be eyed around the 1.64 area. The pair was worth 1.6198 at Tuesday's close.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.