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February 25, 2023A quick look at yesterday: NZD/USD slid into the red after losing 65 pips and ending the session at 0.6164.
While price action maintains a negative bias, United States New Home Sales (Jan) came out at 670,000, while a consensus of analysts was expecting 620,000. United States Core PCE Price Index (MoM) (Jan) released yesterday at 13:30 UTC with a figure of 0.6, while the previous figure was 0.4. United States CFTC S&P 500 speculative net positions came out at -222,300.
The New-Zealand Dollar's value drop coincided with the fact that after ending yesterday's session at 0.681, AUD/USD lost 83 pips and is trading around 0.6726.
Though the Kiwi has been dropping, other pairs have been performing better: USD/JPY is trading around 136.49 after ending yesterday's session at 134.65 (up 1.37% today). Notably, USD/SGD rose 0.63% yesterday and closed at 1.3421.
Furthermore, New Zealand Retail Sales is expected tomorrow at 21:45 UTC.
Having set a significant low of 0.5566 4 months ago, the New-Zealand Dollar is trading 11.92% higher.
