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fxAug 10, 2026, 9:14 PM

New Zealand Dollar Slips as Firm US Dollar and Oil Keep Kiwi Pinned

The New Zealand Dollar weakened on Monday, trading near 0.5900 against the US Dollar as a strong greenback and elevated oil prices applied downward pressure.

NZDUSD

The New Zealand Dollar traded around 0.5900 against the US Dollar on Monday, giving up some ground after an attempt to reach multi-day highs.

A firm US Dollar and higher oil prices kept the Kiwi in check, preventing a sustained move higher.

  • NZD/USD hovers near 0.59 after failing to hold earlier gains.
  • The pair edges lower as demand for the greenback strengthens.

Source: FXStreet Forex News