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The New Zealand dollar takes the crown this week thanks mainly to a swing positive in global risk sentiment and to U.S. dollar weakness after the Fed Chairman signals a rate cut soon.

Overlay of NZD Pairs: 1-Hour Forex Chart
Overlay of NZD Pairs: 1-Hour Forex Chart

New Zealand Headlines and Economic data

Monday:

  • Kiwi pairs ticked lower during the U.S. trading session, possibly on weakening global risk sentiment as geopolitical tensions rise in the Middle East (concerns over Iran restarting uranium enrichment)

Wednesday:

Thursday:

Friday: