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fxJun 5, 2026, 8:44 PM

NZD/USD Hits Two-Month Low After Strong US Jobs Report

The New Zealand Dollar dropped to its lowest level in two months against the US dollar following a better-than-expected US Nonfarm Payrolls report, with the pair falling toward the 0.5790 region.

NZDUSD

The New Zealand Dollar slumped to two-month lows against the US Dollar on Friday, driven by fresh strength in the greenback after the release of a surprisingly robust US Nonfarm Payrolls (NFP) report.

NZD/USD fell sharply, approaching the 0.5790 level, as the US dollar broadly rallied on the upbeat employment data. Meanwhile, the New Zealand Dollar struggled to attract buyers amid a cautious market tone, with no domestic catalysts to offset the dollar's momentum.

The move underscores the impact of US labor market resilience on currency markets, with traders now reassessing the pace of Federal Reserve policy adjustments.

Source: FXStreet Forex News