The New Zealand dollar continued its descending trend against the euro in early European deals on Wednesday.
The kiwi reached a 5-day low of 1.6267 against the euro, down from an early 2-day high of 1.6165. The next possible downside target for the kiwi may be eyed around the 1.64 area. The pair was worth 1.6198 at Tuesday's close.
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