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Forex

NZD Tumbles Amid Escalating Iran-US Tensions and Oil Price Surge

Guavy AI Editorial Team
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NZD
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The New Zealand dollar slipped against other major currencies in Tuesday's Asian session as investors grew cautious amid escalating tensions between Iran and the US.

The NZD weakened as European stocks declined, with oil prices continuing to climb due to concerns over a diplomatic resolution to reopen the Strait of Hormuz, a critical route for global energy supplies.

Meanwhile, U.S. stock futures dipped ahead of key earnings reports from retailers Walmart, Target, and Home Depot this week.

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