Extending its previous session's downtrend, the New Zealand dollar edged down against its Australian counterpart before the Wall Street opens on Monday.
The kiwi slipped to a 4-day low of 1.2825 against the aussie around 8:40 am ET, down 0.7 percent from its Asian session's 5-day high of 1.2738.
The NZ dollar is presently worth 1.2818 against the Australian dollar and a move below the 1.286 support may pull the domestic unit down to its lowest level in nearly 7 months.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.