Erasing early gains, the New Zealand dollar dropped against its most major rivals in Europe on Friday.
The kiwi edged down to 92.15 against the Japanese yen and 1.5976 against the euro, after climbing to 92.94 and 1.5859, respectively in early deals.
The kiwi eased from an early high of 0.7840 against the greenback, trading at 0.7800. The kiwi is thus nearing to pierce its early 2-day low of 0.7769.
The next possible downside target for the kiwi may be found near 0.76 against the greenback, 90.00 against the yen and 1.61 against the euro.
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Forex News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.