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June 23, 2023NZD/USD is grinding lower from 0.618 to 0.6143, shedding 36 pips (0.59%) today.
United States Services PMI is next today at 13:45 UTC.
On the flip side, Crude Oil Inventories in United States fell short of market expectations (1.87 million) with a reading of -3.83 million, continuing the decline from the previous figure of 7.92 million. New United States Initial Jobless Claims data fell short of the 260,000 projected by analysts with a reading of 264,000 while failing to improve upon the previous reading from last month (264,000).
Meanwhile, United States Existing Home Sales (May) came out at 4.3 million, while a consensus of analysts was expecting 4.25 million.
In the meantime, negative performances are also seen in other pairs as AUD/USD is down to 0.67, losing 60 pips, after closing at 0.676 in the preceding trading session.
Though the New-Zealand Dollar has been dropping, other pairs have been performing better: USD/SGD rallies 0.45% to trade around 1.3506. USD/CHF is up 0.39%.
Furthermore, United States Services PMI is expected today at 13:45 UTC.
The New-Zealand Dollar is now trading 11.03% away from its significant low of 0.5566 first tested 8 months ago.
