Continuing its four day losing streak, the New-Zealand Dollar further drops by 0.31% to close at 0.6047

A quick look at yesterday: down on the day: NZD/USD closed at 0.6047 after ranging between 0.6035 and 0.61.

On the flip side, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Though the New-Zealand Dollar has been dropping, other pairs have been performing better: notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY is trading around 173.63 after ending yesterday's session at 172.53 (up 0.64% today). EUR/JPY is trading around 150.87 after ending yesterday's session at 150.22 (up 0.43% today).

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