2023.05.3005:07:00UTC+00NZ Dollar Slides Against Most Majors

The New Zealand dollar weakened against its most major currencies in the Asian session on Tuesday.

The NZ dollar fell to more than a 6-1/2-month low of 0.6029 against the U.S. dollar and a 5-day low of 84.56 against the yen, from yesterday's closing quotes of 0.6053 and 85.04, respectively.

Moving away from an early 4-day high of 0.7659 against the euro, the kiwi dropped to a 4-day low of 1.7752.

If the kiwi extends its downtrend, it is likely to find support around 0.59 against the greenback, 82.00 against the yen and 1.78 against the euro.