The New Zealand dollar extended late Asian session's slide against the currencies of Australia and Europe in early deals on Wednesday.
The kiwi slipped to 1.5681 against the euro around 5:00 am ET, its lowest level since July 7. On the downside, the NZ dollar may find support around the 1.5710 level.
The New Zealand currency also fell to a 1-week low of 1.2928 against the Australian dollar around this time. If the kiwi weakens further, likely target level is seen at 1.2950.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.