The New Zealand dollar extended its decline against the U.S. dollar and the Japanese yen in Europe on Wednesday.

The kiwi declined to a 1-week low of 0.7324 against the greenback, down by 0.25 percent from Tuesday's closing value of 0.7342.

The kiwi pared gains to 88.58 against the yen, from an early high of 89.10.

The kiwi is likely to find support around 0.725 against the greenback and 87.5 against the yen.

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