The New Zealand dollar has plunged as the country’s economy remains on edge. The most recent data showed that the economy moved into a recession in the third quarter as it contracted by 1%.

The NZD/USD exchange rate stabilized after crashing hard in the past few months. It was trading at 0.5600 on Monday morning, where it has been this year. This rate is down by 12% from its highest ...

There was a defensive rally in the dollar, and it was the commodity currencies -- the Australian and New Zealand dollars -- that were hit hard, as well as the Mexican peso and Canadian dollar.

The New Zealand dollar is trading at 0.5608 in the European session, down 0.35% on the day. On Monday, NZD/USD fell as much as 1.2% but managed to recover most of these losses. New Zealand ...