The Australian dollar edged higher against its New Zealand counterpart in early trading on Tuesday mainly due to across the board weakening of the latter.
The aussie advanced to a 4-day high of 1.2730 against the kiwi around 7:45 am ET and moving a few pips up may push the pair to its highest level in nearly 7 weeks. The aussie-kiwi pair is currently quoted at 1.2720, compared to 1.2677 hit late New York Monday.
For comments and feedback contact: editorial@rttnews.com
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.