New Zealand Dollar Slumps Near November 2025 Lows Amid US Strength and Oil Price Surge

The New Zealand dollar (NZD) has been under pressure in recent weeks, trading near multi-month lows. According to data from TradingView, the kiwi has steadied around $0.561, its weakest level since November 2025.

This decline is largely due to a strengthening US dollar and rising oil prices, which are threatening New Zealand's fragile economic recovery. The higher energy costs are adding to inflationary pressures, leading to expectations of further Reserve Bank of New Zealand rate hikes.

The increased borrowing costs will likely erode household purchasing power and raise business costs, potentially weighing on domestic demand and growth. Political uncertainty ahead of the November general election has also added another headwind for the currency.