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May 31, 2023NZD/USD lost 49 pips and now trades below the 0.6 level for the first time in 4 months.
United States JOLTs Job Openings (Apr) is next today at 14:00 UTC.
Data for United States Consumer Confidence released yesterday at 14:00 UTC is better than expected with 102.3, but worse than previous figure of 103.7.
Meanwhile, New Zealand ANZ Business Confidence (May) came out at -31.1, while a consensus of analysts was expecting -43.4. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar) released yesterday at 13:00 UTC with a figure of -1.1, while the previous figure was 0.4.
In the meantime, negative performances are seen in other pairs, EUR/USD dips 0.67% to trade around 1.0667.
Positive performances can be seen by looking at other currencies as USD/CHF gained 0.55% and is now trading at 0.9107. Having closed the previous session at 1.3505, USD/SGD is up 0.31% today to currently trade at around 1.3547.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million, having previously been at -12.46 million. The figure will be published tomorrow at 15:00 UTC.
Moreover, United States Initial Jobless Claims expected to decline to 235,000 while its preceding data was 229,000, data will be available tomorrow at 12:30 UTC.
Furthermore, United States ADP Nonfarm Employment Change (May) is scheduled for tomorrow at 12:15 UTC. United States JOLTs Job Openings (Apr) is expected today at 14:00 UTC.
After setting a supportive marker at 0.5566 around 7 months ago, the Kiwi is now trading 8.63% higher.
