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June 12, 2023
NZD/USD goes up to 0.6142, having dipped down to 0.6087 earlier.
Meanwhile, New Zealand Electronic Card Retail Sales (MoM) (May) released yesterday at 22:45 UTC with a figure of -1.7, while the previous figure was 0.4.
Elsewhere, other currency pairs are also gaining ground as USD/CHF added 0.24% to its value, now trading at 0.9049. Having closed the previous session at 0.8544, EUR/GBP is up 0.27% today to currently trade at around 0.8567. EUR/USD climbs 0.24% to trade around 1.0775.
Furthermore, the market is looking at New Zealand Current Account is expected tomorrow at 22:45 UTC. New Zealand Current Account figure is projected at -29,540,000,%. It previously stood at -33,790,000,%; data will be released tomorrow at 22:45 UTC. United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.
The currency pair has been trending lower for about a month. Having set a peak of 0.65 around 4 months ago, the Kiwi is now trading 5.62% below this level.
