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February 27, 2023
After dipping down to 0.6157, NZD/USD regains earlier losses and goes up to 0.6168.
Meanwhile, New Zealand Retail Sales published yesterday at 21:45 UTC came out at -0.6, falling short of the 0.2 projections and continuing its decline from the previous 0.4 figure. New Zealand Core Retail Sales (QoQ) released yesterday at 21:45 UTC with a figure of -1.3, while the previous figure was 0.5.
Meanwhile, USD/JPY is down 28 pips from the beginning of the session and now trades around 136.12. After ending Friday's session at 143.91, EUR/JPY lost 19 pips and is trading around 143.71. GBP/JPY is down to 162.74, losing 25 pips, after closing at 163 in the preceding trading session.
Also worthy of note, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.2%. The figure will be published today at 13:30 UTC.
Furthermore, the market is looking at New Zealand ANZ Business Confidence (Feb) will be released tomorrow at 00:00 UTC. New Zealand Building Consents (MoM) (Jan) is scheduled for tomorrow at 21:45 UTC.
After setting a supportive marker at 0.5566 around 4 months ago, the Kiwi is now trading 10.81% higher.
