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February 24, 2023Struggling to find upward momentum, NZD/USD has shed 16 pips to currently trade at 0.6213 as it ranges between 0.6205 and 0.6252 so far today.
United States Core PCE Price Index (MoM) (Jan) is next today at 13:30 UTC.
United States Crude Oil Inventories released yesterday at 16:00 UTC is better than expected at 7.65 million but down from preceding data of 16.28 million according to new data. United States Initial Jobless Claims came out at 192,000, better than analyst estimates of 200,000 and improving upon the previous reading of 195,000.
Nonetheless, encouraging indicators for the Kiwi published earlier when highly important GDP data from United States beat analyst expectations of 2.9 with a reading of 2.7.
Positive performances can be seen by looking at other currencies as USD/JPY moves up 0.42% to trade around 135.22. Having closed the previous session at 161.83, GBP/JPY is up 0.49% today to currently trade at around 162.62. EUR/JPY rises 0.35% to trade around 143.2.
Furthermore, United States Core PCE Price Index (MoM) (Jan) is expected today at 13:30 UTC. United States New Home Sales (Jan) scheduled to come out today at 15:00 UTC.
Having set a significant low of 0.5566 4 months ago, the New-Zealand Dollar is trading 11.92% higher.
