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April 14, 2023NZD/USD falls to 0.6291, following mixed behavior today as it ranges between 0.6185 and 0.6316.
United States Retail Sales is next today at 12:30 UTC.
On the flip side, positive data for the New-Zealand Dollar released earlier when Producer Price Index in United States fell short of market expectations (0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0%. Initial Jobless Claims in United States fell short of market expectations (232,000) with a reading of 239,000, continuing the decline from the previous figure of 228,000.
Meanwhile, New Zealand Business NZ PMI (Mar) came out at 48.1, while a consensus of analysts was expecting 51.
In the meantime, negative performances are also seen in other pairs as GBP/CAD is down to 1.6657, losing 46 pips, after closing at 1.6703 in the preceding trading session.
Though the Kiwi has been dropping, other pairs have been performing better: USD/SGD is up 0.29%. EUR/GBP is up 0.27%.
Moreover, projections for United States Core Retail Sales are set for a continuation of decline with -0.3% while previous data was -0.1%; data will be released today at 12:30 UTC.
Furthermore, United States Retail Sales is expected today at 12:30 UTC.
The currency pair has been trending positively for about a month. As things stand, the Kiwi is 13.16% away from a significant low of 0.5566 first set 6 months ago.
