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Along with the negative economic updates from New Zealand, it’s likely that the Kiwi’s poor performance was once again heavily influenced by risk sentiment. The ongoing pandemic and the economically damaging lockdown measures had traders leaning risk-off once again to put the Kiwi as a big net loser at the close of Friday.

Overlay of NZD Pairs: 1-Hour Forex Chart
Overlay of NZD Pairs: 1-Hour Forex Chart
NZD Weekly Performance from MarketMilk
NZD Weekly Performance from MarketMilk

New Zealand Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday: