The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
The NZ dollar fell to more than a 1-month low of 0.5815 against the U.S. dollar and a 2-week low of 92.50 against the yen, from yesterday's closing quotes of 0.5833 and 92.77, respectively.
Against the euro and the Australian dollar, the kiwi edged down to 1.9938 and 1.2197 from Tuesday's closing quotes of 1.9900 and 1.2180, respectively.
If the kiwi extends its downtrend, it is likely to find support around 0.57 against the greenback, 91.00 against the yen, 2.00 against the euro and 1.23 against the aussie.
For comments and feedback contact: editorial@rttnews.com
Forex News
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.