The New Zealand dollar weakened against other major currencies in the late Asian session on Wednesday.
The NZ dollar fell to a 2-day high of 1.2189 against the Australian dollar, from an early high of 1.2143.
Against the U.S. dollar, the kiwi dropped to 0.5936 from an early high of 0.5952.
Against the yen and the euro, the kiwi edged down to 93.65 and 1.9760 from early an early more than a 2-week high of 94.04 and a 6-day high of 1.9680, respectively.
If the kiwi extends its downtrend, it is likely to find support around 1.20 against the aussie, 0.58 against the greenback, 92.00 against the yen and 2.00 against the euro.
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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.