After three days of going down, the Kiwi is flat today, hovering around 0.6062

NZD/USD weakened earlier in the day, before moving away from its 0.6046 low and recovering back to 0.6062.

Highly important GDP data from United States beat analyst expectations of 1.1 with a reading of 1.3.

On the flip side, United States Pending Home Sales released earlier showed a marked improvement to 0% from the preceding data of -5.2%, but fell short of the 0.5% figure forecast by a consensus of market analysts.

While price action maintains a negative bias, New Zealand Interest Rate came out at 5.5, while a consensus of analysts was expecting 5.5.

In the meantime, negative performances are seen in other pairs, EUR/JPY closed at 150.06 (down 0.1%).

In addition, USD/SGD trades close to 1.3543, with no major change. GBP/JPY moves 0.09% to trade around 172.38.

In addition, tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to 0% from the preceding figure of 0.3%.

Furthermore, United States Core PCE Price Index (MoM) (Apr) is scheduled for tomorrow at 12:30 UTC.

After setting a supportive marker at 0.5566 around 7 months ago, the Kiwi is now trading 9% higher.