Kiwi Stalls at Six-Week Low Amid Oil Fears, Election Risks

The New Zealand dollar is facing its longest run of weekly declines since early 2025. The kiwi has been trading at around 56 US cents in Asian markets, on track for a sixth consecutive weekly loss.

This decline can be attributed to several factors, including the strengthening greenback and surging oil prices. Strategists point out that the risks of a close election are also weighing on the currency, contributing to its pressure.

The fragile economy is another significant concern for market experts. They warn that further losses are ahead for the kiwi unless there's a change in these underlying factors.