NZD Falls Amid Risk-Averse Sentiment and Soaring Oil Prices

The New Zealand dollar fell against other major currencies in the Asian session on Tuesday, as investor sentiment turned risk-averse amid ongoing concerns over Iran-U.S. diplomacy and oil prices.

European stocks were trading lower at the time, with the FTSE 100 potentially bucking the trend due to climbing oil prices. The Strait of Hormuz, a critical route for global energy supplies, remains a concern as diplomatic efforts to reopen it stall.

U.S. stock futures also slipped ahead of key earnings reports from retailers Walmart, Target, and Home Depot this week. This cautious mood weighed on the NZD/USD pair, causing it to dip in value.