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June 15, 2023NZD/USD is consolidating around the 0.6193 level after dropping 13 pips at the start of the trading session.
United States Initial Jobless Claims is next today at 12:30 UTC.
Data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 7.92 million, beating projections of 1.48 million and showing improvement over the preceding figure of -451,000.
Nonetheless, encouraging indicators for the New-Zealand Dollar published earlier when highly important GDP data from New Zealand beat analyst expectations of -0.1 with a reading of -0.1.
While price action maintains a negative bias, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25.
Positive performances can be seen by looking at other currencies as USD/JPY is up 0.88% to 141.21. GBP/JPY is up 0.85%. EUR/JPY jumps 0.78% to trade around 152.77.
In addition, projections for United States Retail Sales are set for a continuation of decline with -0.1% while previous data was 0.4%; data will be released today at 12:30 UTC. United States Core Retail Sales expected to decline to 0.1% while its preceding data was 0.4%, data will be available today at 12:30 UTC.
Furthermore, New Zealand Business NZ PMI (May) is scheduled for today at 22:30 UTC.
After setting a supportive marker at 0.5566 around 8 months ago, the Kiwi is now trading 11.49% above this level.
