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June 29, 2023After closing at 0.6069 yesterday, NZD/USD opened today at 0.6074, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, NZD/USD retains a distinct 0.6053 to 0.62 daily range.
Highly important GDP data from United States beat analyst expectations of 1.4 with a reading of two. Data for United States Initial Jobless Claims published today at 12:30 UTC came out at 239,000, beating projections of 266,000 and showing improvement over the preceding figure of 265,000.
On the flip side, positive data for the Kiwi released earlier when United States Pending Home Sales published today at 14:00 UTC came out at -2.7%, falling short of the -0.5% projections and continuing its decline from the previous -0.4% figure.
In the meantime, EUR/JPY trades around 157.33, with no major change. USD/JPY trades close to 144.79, with no major change.
Furthermore, United States Core PCE Price Index (MoM) (May) scheduled to come out tomorrow at 12:30 UTC.
The New-Zealand Dollar is now trading 6.62% away from its significant high of 0.65 first tested 4 months ago.
