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May 13, 2023A quick look at yesterday: NZD/USD ended the session around the 0.6193 level today, after Thursday's 106 pips decline and close at 0.63.
While price action maintains a negative bias, New Zealand Inflation Expectations (QoQ) released yesterday at 03:00 UTC with a figure of 2.8, while the previous figure was 3.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 195,800, while the previous figure was 195,600.
Though the Kiwi has been dropping, other pairs have been performing better: GBP/NZD went up by 1.25% yesterday, and closed at 2.01. EUR/NZD is trading around 1.7527 after ending yesterday's session at 1.7322 (up 1.18% today). USD/SGD surges 0.52% yesterday and closed at 1.3312.
The New-Zealand Dollar is now trading 13.22% away from its significant low of 0.5566 first tested 7 months ago.
