After closing the previous trading day at 0.5614, NZD/USD went up to 0.5705 only to drop back; still positive overall today, now trading at 0.5676.
Meanwhile, New Zealand Consumer Price Index came out at 2.2, while a consensus of analysts was expecting 1.6. New Zealand Consumer Price Index released yesterday at 21:45 UTC with a figure of 7.2%, while the previous figure was 7.3%. United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
A look at other currencies also shows bullish price action as having closed the previous session at 0.8659, EUR/GBP is up 0.48% today to currently trade at around 0.87.
Meanwhile, GBP/NZD is down 313 pips from the beginning of the session and now trades around 1.9917. EUR/NZD falls 1.16% to trade around 1.7326.
Positive indicators for the New-Zealand Dollar are expected going forward as United States Crude Oil Inventories projected to come out at 1.55 million — worse than previous data of 9.88 million; data will be released tomorrow at 14:30 UTC.
Also worthy of note, New Zealand Retail Price Index is expected today at 15:00 UTC. United States Building Permits (Sep) is expected tomorrow at 12:30 UTC.
The New-Zealand Dollar has shed 16.63% over the past six months.