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April 15, 2023
Yesterday at a glance: NZD/USD slid down from 0.63 to 0.6209, losing 90 pips (1.42%) today.
Nonetheless, encouraging indicators for the New-Zealand Dollar published earlier when highly important Core Retail Sales data from United States beat analyst expectations of -0.3% with a reading of -0.8%. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%.
Meanwhile, United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.
The New-Zealand Dollar's value drop coincided with the fact that after ending yesterday's session at 0.6786, AUD/USD lost 74 pips and is trading around 0.6711.
Positive performances can be seen by looking at other currencies as notably, USD/SGD rose 0.64% yesterday and closed at 1.3222. Notably, EUR/NZD rose 0.99% yesterday and closed at 1.7533.
The currency pair has been trending positively for about a month. The New-Zealand Dollar is now trading 13.16% away from its significant low of 0.5566 first tested 6 months ago.
