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June 04, 2023A quick look at Friday: bearish sentiment ensured NZD/USD finished Friday's session lower. However, despite the downward bias, the Kiwi etched out a distinct 0.6065 to 0.6065 session range.
The Kiwi's value drop coincided with the fact that EUR/AUD is down to 1.6211, losing 158 pips, after ending the previous session around 1.637. After ending Friday's session at 1.4469, EUR/CAD lost 98 pips and is trading around 1.4371.
Though the Kiwi has been dropping, other pairs have been performing better: USD/JPY went up by 0.84% Friday, and closed at 139.97.
Furthermore, United States ISM Non-Manufacturing PMI (May) is scheduled for tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC.
The New-Zealand Dollar is now trading 9.04% away from its significant low of 0.5566 first tested 7 months ago.
