India, June 3 -- The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, as uncertainty about the situation in the Middle East and the opening of the Strait of Hormuz is keeping some traders on the sidelines. Meanwhile, optimism about the AI trade continues to generate positive sentiment.
After hectic discussions for more than a week, the U.S. and Iran were closing in to sign a Memorandum of Understanding. Iran is said to be debating and reviewing the draft MoU and is yet to send a response.
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