The Australian dollar that climbed to near a 2-week high of 1.2566 against the New Zealand currency in the Asian session reversed its course thereafter. The aussie slumped 0.5 percent to a 4-day low of 1.2509 against the kiwi by 6:45 am ET. The aussie-kiwi pair, which closed yesterday's deals at 1.2537, is presently worth 1.2515 with 1.246 seen as the next target level.
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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.