The New Zealand dollar that plunged to multi-week lows against its U.S., European and Japanese counterparts in early Monday Asian deals recovered losses shortly. But the NZ dollar remained lower against the Aussie and fell to a new multi-month low.
At 7:45 pm ET, the NZ dollar reached 64.75 against the yen and 0.7278 against the greenback, up from multi-week lows of 64.01 and 0.7204, respectively. If the kiwi advances further, it may target 0.733 against the greenback and 65.2 against the yen. The kiwi-yen pair closed trading at 64.50 and the kiwi-greenback pair at 0.7251 on Friday.
The New Zealand dollar plummeted to a multi-week low of 2.0618 against the euro at 5:55 pm ET Sunday. Thereafter, the kiwi bounced back and reached 2.0478 by about 7:20 pm ET. On the upside, 2.040 is seen as the next target level for the NZ currency. At Friday's close, the euro-kiwi pair was quoted at 2.0524.
In early Asian trading on Monday, the NZ dollar slumped to 1.2698 against the Aussie. This set the lowest point for the kiwi since July 31. The next downside target level for the kiwi is seen at 1.286. The aussie-kiwi pair was worth 1.2634 at last week's close.
The PMI reports from the major European economies for November are expected in the European session today.
From the U.S., the existing home sales report for October is due in the North American session.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.