Kiwi Dollar Hits Two-and-a-Half-Month Lows Amid USD Strength and Geopolitical Tensions
The New Zealand Dollar has dropped to its lowest level in two-and-a-half months against the US Dollar, trading around 0.5700.
This decline is a result of persistent headwinds from US policy and geopolitical risks, which have continued to underpin USD strength.
Despite a modest improvement in broader risk sentiment following a pullback in oil prices, the Kiwi has failed to capitalize on this trend.
Brent Crude fell below $100 to $97.20, its lowest level in nearly two weeks, easing some of the risk-off pressure in global markets.