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fxJun 5, 2026, 6:35 PM

NZD/USD Slips to Fresh Lows After Strong US Jobs Data

The New Zealand Dollar is heading for a weekly loss of nearly 3% as robust US payrolls data boosts the US Dollar. NZD/USD fell to its lowest since April, trading around 0.5800.

NZDUSD

The New Zealand Dollar is on track for a weekly decline of about 3% after a strong US Nonfarm Payrolls (NFP) report triggered fresh demand for the US Dollar.

NZD/USD dropped to its lowest level since April, trading near 0.5800 on Friday. The pair has been under pressure as the US Dollar strengthened broadly following the solid NFP release.

The weekly loss is set to be the largest in months, reflecting the market's shift in expectations for US interest rates versus those of New Zealand.

Source: FXStreet Forex News