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News 2026-10-02 05:50 UTC

New Zealand Dollar Languishes Near Multi-Month Lows

The New Zealand dollar steadied around $0.561, close to its weakest level since November 2025, and was on track for its longest streak of weekly losses since early 2025. The kiwi has been pressured by a strengthening US dollar and a sharp rise in oil prices, which is threatening New Zealand’s fragile economic recovery.