The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday, as Asian stock markets traded higher amid renewed optimism about a potential peace deal between the U.S. and Iran after U.S. President Trump said the U.S. was in the final stages of negotiations with Iran. Tumbling crude oil prices on hopes of the reopening of the Strait of Hormuz also eased global inflationary pressures.
Saudi Arabia's state news agency Al-Hadath reported that Pakistan could announce the final draft of a peace deal between the U.S. and Iran and added that intensive work is underway to finalize the text of agreement.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.