The New-Zealand Dollar erases today's gains, loses 51 pips, and is trading lower at 0.6249 after 6 weeks high

After hitting its highest point in 6 weeks at 0.63, NZD/USD dropped by 51 pips and is now trading at 0.6249.

United States ISM Manufacturing PMI (Mar) is next today at 14:00 UTC.

Positive performances can be seen by looking at other currencies as having closed the previous session at 143.98, EUR/JPY is up 0.59% today to currently trade at around 144.82. GBP/JPY is up 0.5% to 164.63. USD/JPY is up 0.37%.

Furthermore, New Zealand Business Confidence is expected today at 22:00 UTC. New Zealand Retail Price Index is expected tomorrow at 12:00 UTC. United States JOLTs Job Openings (Feb) is scheduled for tomorrow at 14:00 UTC. United States ISM Manufacturing PMI (Mar) will be released today at 14:00 UTC.

The currency pair has been trending lower for about 2 months. As things stand, the Kiwi is 12.49% away from a significant low of 0.5566 first set 5 months ago.