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May 17, 2023Tentatively higher from an earlier low of 0.6229, NZD/USD is up to 0.6244 today, adding 11 pips, or 0.19%, to yesterday's closing price of 0.6232.
New Zealand Annual Budget Release is next tomorrow at 02:00 UTC.
On the flip side, data for United States Crude Oil Inventories published today at 14:30 UTC came out at 5 million, beating projections of -920,000 and showing improvement over the preceding figure of 2.95 million.
Meanwhile, United States Building Permits (Apr) came out at 1.42 million, while a consensus of analysts was expecting 1.44 million. New Zealand Retail Price Index released yesterday at 15:00 UTC with a figure of -0.9, while the previous figure was 2.5.
Other currencies are also rising as USD/JPY jumps 0.87% to trade around 137.54. GBP/JPY gained 0.9% and is now trading at 171.73. EUR/JPY is up 0.66%.
Elsewhere, New Zealand Annual Budget Release will be released tomorrow at 02:00 UTC. New Zealand Balance of Trade is expected tomorrow at 22:45 UTC. New Zealand Balance of Trade figure is projected at -17,080,000,%. It previously stood at -16,400,000,%; data will be released tomorrow at 22:45 UTC.
The Kiwi is now trading 11.97% away from its significant low of 0.5566 first tested 7 months ago.
