| 
June 08, 2023Tentatively higher from an earlier low of 0.6034, NZD/USD is up to 0.6069 today, adding 27 pips, or 0.46%, to yesterday's closing price of 0.6041.
United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 235,000.
The New-Zealand Dollar upside coincides with further encouraging market factors as following a previous reading of 4.49 million, Crude Oil Inventories in United States released yesterday at 14:30 UTC fell short of the 1 million figure expected by analysts with an actual reading of -451,000.
At the same time, United States Cushing Crude Oil Inventories came out at 1.72 million, while a consensus of analysts was expecting 719,000. United States Trade Balance (Apr) released yesterday at 12:30 UTC with a figure of -74.6 billion, while the previous figure was -60.6 billion.
A look at other currencies also shows bullish price action as EUR/USD moves up 0.26% to trade around 1.0729. AUD/USD gained 0.4% and is now trading at 0.6684.
While the Kiwi is up today, these currencies are lagging behind: after ending yesterday's session at 2.059, GBP/NZD lost 58 pips and is trading around 2.0531.
Positive indicators for the Kiwi are expected going forward as United States Initial Jobless Claims expected to decline to 235,000 while its preceding data was 232,000, data will be available today at 12:30 UTC.
Also worthy of note, New Zealand Business NZ PMI is expected today at 22:30 UTC.
The New-Zealand Dollar is now trading 7.04% away from its significant high of 0.65 first tested 4 months ago.
