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fxJun 12, 2026, 2:00 AM

NZD/USD Slides Toward 0.5800 as Iran Risks Bolster USD, Offset Hawkish RBNZ

The New Zealand dollar weakened against the US dollar on Friday, approaching the 0.5800 level as safe-haven demand from Iran-related tensions lifted the greenback, countering the Reserve Bank of New Zealand's hawkish stance.

NZDUSD

The NZD/USD pair faced renewed selling pressure during the Asian session on Friday, giving back a portion of the previous day's solid recovery from a two-month low.

Iran-related geopolitical risks are boosting demand for the US dollar as a safe haven, which is weighing on the New Zealand dollar. This move counteracts the hawkish signals from the Reserve Bank of New Zealand that had previously supported the kiwi.

Source: FXStreet Forex News