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June 13, 2023The Kiwi trades at 0.6146 after gaining 22 pips (0.36%).
The New-Zealand Dollar is currently trading at 0.6146 following the release of Core Consumer Prices data from the United States.
At the same time, United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%. United States Consumer Price Index released today at 12:30 UTC with a figure of 4%, while the previous figure was 4.9%. United States Core Consumer Prices came out at 0.4%.
Other currencies are also rising as GBP/JPY is up 1.2%. EUR/JPY added 0.78% to its value, now trading at 151.3. GBP/USD jumps 0.73% to trade around 1.2606.
Positive indicators for the Kiwi are expected going forward as New Zealand GDP is projected to outperform its last figure with -0.1. It previously stood at -0.6; data will be released tomorrow at 22:45 UTC.
Furthermore, the market is looking at New Zealand Current Account figure is projected at -6.9 billion. It previously stood at -9.46 billion; data will be released today 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 today at 22:45 UTC.
The currency pair has been trending lower for about a month. The New-Zealand Dollar is now trading 5.77% away from its significant high of 0.65 first tested 4 months ago.
