Tentatively higher from an earlier low of 0.62, NZD/USD is up to 0.6227 today, adding 6 pips, or 0.1%, to yesterday’s closing price of 0.6221.
United States ISM Non-Manufacturing PMI (Feb) is next today at 15:00 UTC.
On the flip side, data for United States Initial Jobless Claims published yesterday at 13:30 UTC came out at 190,000, beating projections of 195,000 and showing improvement over the preceding figure of 192,000.
Meanwhile, United States Nonfarm Productivity (QoQ) (Q4) released yesterday at 13:30 UTC with a figure of 1.7, while the previous figure was 1.4. United States Unit Labor Costs (QoQ) (Q4) came out at 3.2, while a consensus of analysts was expecting 1.6.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.1943, GBP/USD is up 0.47% today to currently trade at around 1.2. GBP/NZD moves up 0.36% to trade around 1.9268.
While the New-Zealand Dollar is up today, these currencies are lagging behind: USD/JPY is down 63 pips from the beginning of the session and now trades around 136.08.
Also worthy of note, United States ISM Non-Manufacturing PMI (Feb) is expected today at 15:00 UTC.
The currency pair has been trending lower for about 30 days. After setting a supportive marker at 0.5566 around 4 months ago, the Kiwi is now trading 11.77% higher.