Bullish currency pair the Kiwi runs out of steam at 0.627; currently at 0.6245

Marginally higher but lacking a clear-cut direction, NZD/USD is trading at 0.6245 after ranging between 0.6207 and 0.627 today.

United States Fed Chair Powell speech is next today at 15:00 UTC.

Meanwhile, New Zealand Balance of Trade released yesterday at 22:45 UTC with a figure of 427,000,000%, while the previous figure was -1,586,000,%. New Zealand Balance of Trade came out at -16,800,000,%, while a consensus of analysts was expecting -17,080,000,%. Fresh Existing Home Sales (Apr) data from United States came out at 4.28 million.

At the same time, USD/JPY is down 41 pips from the beginning of the session and now trades around 138.25. EUR/JPY descends 0.23% to trade around 149. GBP/NZD closed at 1.9864 (down 0.24%).

Furthermore, the market is looking at United States Fed Chair Powell speech is scheduled for today at 15:00 UTC.

Having set a significant low of 0.5566 7 months ago, the New-Zealand Dollar is trading 11.91% higher.