Slightly weaker but mostly flat: NZD/USD is currently trading at 0.6322 as it maintains an active range between 0.6308 and 0.6356.
The New-Zealand Dollar is currently trading at 0.6322 following the release of EIA Short-Term Energy Outlook data from the United States.
Meanwhile, New Zealand Retail Price Index released today at 14:30 UTC with a figure of 0.6, while the previous figure was 2.4. United States ISM Non-Manufacturing PMI (Nov) came out at 56.5, while a consensus of analysts was expecting 53.3. United States API Weekly Crude Oil Stock came out at -6.43 million, while a consensus of analysts was expecting -3.88 million.
In the meantime, negative performances are also seen in other pairs as GBP/NZD is down 96 pips from the beginning of the session and now trades around 1.919. GBP/USD is down to 1.2133, losing 60 pips, after closing at 1.2194 in the preceding trading session.
Though the New-Zealand Dollar has been dropping, other pairs have been performing better: USD/CAD goes up 0.46% to trade around 1.3649.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories is projected to outperform its last figure with -3.88 million. It previously stood at -12.58 million; data will be released tomorrow at 15:30 UTC.
The currency pair has been trending positively for about a month. Having set a significant low of 0.5566 a month ago, the Kiwi is trading 13.6% higher.