The New Zealand dollar (NZD) has plunged to its lowest level in 26 months against the US dollar (USD) due to intense selling pressure. The sharp decline in the NZD/USD pair reflects the strong bearish sentiment in the market. Investors are selling off the NZD in favor of the USD, causing the currency pair to hit a 26-month low. This downward trend is driven by a combination of factors, including global economic uncertainty and concerns about the New Zealand economy. Traders are closely monitoring the situation as the NZD continues to struggle against the USD.
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