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April 27, 2023After closing the previous trading day at 0.6119, NZD/USD tested the upside around 0.6158 today before settling back around 0.6146 as bullish sentiment faded.
United States's Pending Home Sales new data released of -5.2% below its previous figure.
Uptick comes while some more positive signs for the Kiwi are out as United States Pending Home Sales published today at 14:00 UTC came out at -5.2%, falling short of the 0.5% projections and continuing its decline from the previous 0.8% figure. GDP in United States fell short of market expectations (two) with a reading of 1.1, continuing the decline from the previous figure of 2.6.
Nevertheless, United States Initial Jobless Claims beat analyst expectations of 248,000 and the previous reading of 246,000 with new data of 230,000.
Elsewhere, other currency pairs are also gaining ground as USD/CHF increases 0.34% to trade around 0.8938.
Meanwhile, EUR/NZD closed at 1.7942 (down 0.55%). EUR/CAD closed at 1.499 (down 0.38%).
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Mar) scheduled to come out tomorrow at 12:30 UTC.
The Kiwi is now trading 5.67% below its 3-month high of 0.6564.
