| 
February 28, 2023NZD/USD is grinding lower from 0.6168 to 0.6159, shedding 9 pips (0.15%) today.
United States Consumer Confidence data will be released today at 15:00 UTC, with an expected improvement to 108.5. the New-Zealand Dollar reaction to indicator information will follow.
Highly important Pending Home Sales data from United States beat analyst expectations of 1% with a reading of 8.1%. United States Core Durable Goods Orders beat analyst expectations of 0.1% and the previous reading of -0.4% with new data of 0.7%.
While price action maintains a negative bias, New Zealand ANZ Business Confidence (Feb) released today at 00:00 UTC with a figure of -43.3, while the previous figure was -52.
Positive performances can be seen by looking at other currencies as GBP/JPY gained 0.72% and is now trading at 165.34. GBP/NZD added 0.47% to its value, now trading at 1.9635. EUR/JPY is up 0.47% to 145.11.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released today at 15:00 UTC.
Some optimism can drawn from the fact that tomorrow at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 440,000 from the preceding figure of 7.65 million.
Furthermore, New Zealand Building Consents (MoM) (Jan) is scheduled for today at 21:45 UTC.
Having set a significant low of 0.5566 4 months ago, the New-Zealand Dollar is trading 10.82% higher.
