The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, as uncertainty about the situation in the Middle East and the opening of the Strait of Hormuz is keeping some traders on the sidelines. Meanwhile, optimism about the AI trade continues to generate positive sentiment.
After hectic discussions for more than a week, the U.S. and Iran were closing in to sign a Memorandum of Understanding. Iran is said to be debating and reviewing the draft MoU and is yet to send a response.
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Forex News
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.