Today, the New Zealand dollar (Kiwi) slumped against its major counterparts, while it dropped sharply versus the American dollar after the New Zealand reported that the nation's trade balance has narrowed in June as exports declined more than expected, while it reached to the lowest level in five months on fewer farm overseas sales.

The NZD/USD pair trades around 0.8624 after recorded a low of 0.8610 and a high of 0.8655.