The New Zealand dollar continued to creep higher against its major counterparts ahead of Monday's London deals as upbeat PMI data from China boosted the resource-linked currencies.
The kiwi climbed to a 6-day high of 0.8222 against the US dollar and 84.22 against the yen, a level not seen since May 22. The NZ dollar also advanced to a 5-day high of 1.6539 against the euro and a 4-day high of 1.1147 against the Australian dollar.
On the upside, the New Zealand currency may find target levels around 0.8270 against the greenback, 84.55 against the yen, 1.6480 against the euro and 1.1115 against the Australian dollar.
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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.