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April 19, 2023NZD/USD recovering almost all the way back to 0.6211 today, after dipping down to 0.6175.
United States's Crude Oil Inventories new data released of -4.58 million below its previous figure.
On the flip side, positive data for the New-Zealand Dollar released earlier when highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading of -4.58 million.
While price action maintains a negative bias, United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million. New Zealand Retail Price Index released yesterday at 12:00 UTC with a figure of 3.2, while the previous figure was -4.7.
Positive performances can be seen by looking at other currencies as GBP/CAD rallies 0.62% to trade around 1.674. Having closed the previous session at 166.6, GBP/JPY is up 0.59% today to currently trade at around 167.58. Having closed the previous session at 134.07, USD/JPY is up 0.47% today to currently trade at around 134.7.
Furthermore, New Zealand Consumer Price Index is expected today at 22:45 UTC. New Zealand Retail Price Index is expected tomorrow at 15:00 UTC. New Zealand Consumer Price Index is expected today at 22:45 UTC.
Having set a significant low of 0.5566 6 months ago, the Kiwi is trading 11.58% higher.
