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April 11, 2023NZD/USD is grinding lower from 0.6223 to 0.6186, shedding 36 pips (0.59%) today.
The New-Zealand Dollar is currently trading at 0.6186 following the release of EIA Short-Term Energy Outlook data from the United States.
Amid the market gloom, United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
In the meantime, negative performances are seen in other pairs, USD/CHF is down to 0.9047, losing 43 pips, after closing at 0.9091 in the preceding trading session.
Though the New-Zealand Dollar has been dropping, other pairs have been performing better: having closed the previous session at 1.9894, GBP/NZD is up 0.84% today to currently trade at around 2.0062. Having closed the previous session at 1.745, EUR/NZD is up 0.95% today to currently trade at around 1.7617.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.
Furthermore, New Zealand Electronic Card Retail Sales (MoM) (Mar) is expected tomorrow at 22:45 UTC. New Zealand Electronic Card Retail Sales (MoM) scheduled to come out today at 22:45 UTC.
The currency pair has been trending positively for about a month. The Kiwi has appreciated 11.78% over the past six months.
