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February 22, 2023
After dipping down to 0.6206, NZD/USD regains earlier losses and goes up to 0.6238.
New Zealand RBNZ Press Conference is next today at 14:00 UTC.
Meanwhile, New Zealand Interest Rate came out at 4.75, while a consensus of analysts was expecting 4.75. New Zealand Balance of Trade released yesterday at 21:45 UTC with a figure of -1,954,000,%, while the previous figure was -636,000,%. Fresh Balance of Trade data from New Zealand came out at -15,480,000,%.
While the Kiwi is up today, these currencies are lagging behind: EUR/JPY is down to 143.2, losing 46 pips, after closing at 143.67 in the preceding trading session. GBP/NZD closed at 1.9414 (down 0.3%). EUR/NZD is down to 1.7067, losing 61 pips, after closing at 1.7129 in the preceding trading session.
Positive indicators for the Kiwi are expected going forward as tomorrow at 16:00 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.17 million from the preceding figure of 16.28 million. United States Initial Jobless Claims projected to come out at 200,000 — worse than previous data of 194,000; data will be released tomorrow at 13:30 UTC.
Also worthy of note, New Zealand RBNZ Press Conference is scheduled today at 14:00 UTC.
After setting a supportive marker at 0.5566 around 4 months ago, the Kiwi is now trading 11.71% above this level.
