The New Zealand dollar appreciated after China announced several measures to revive its weak real estate sector by reducing minimum mortgage rates and various conditions.

Additionally, investors are awaiting the release of New Zealand's budget, which will outline government spending, borrowing, and revenue collection, providing insights into the country's overall economic forecast.

The US Dollar Index (DXY) has strengthened again due to reduced expectations of the Federal Reserve lowering interest rates in the September meeting. This is a result of the robust economic outlook in the US and policymakers' firm stance on curbing inflation.