NZD/USD closed out yesterday at 0.6281. Today, it reached highs around 0.6316 before dropping back to 0.63.
United States Average Hourly Earnings is next today at 12:30 UTC.
Uptick comes while some more positive signs for the New-Zealand Dollar are out as Initial Jobless Claims in United States fell short of market expectations (240,000) with a reading of 242,000, continuing the decline from the previous figure of 229,000.
At the same time, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.50 trillion, while the previous figure was 8.56 trillion. Fresh Reserve Balances with Federal Reserve Banks data from United States came out at 3.17 trillion.
Other currencies are also rising as USD/CHF is up 0.65% to 0.8914.
At the same time, USD/CAD closed at 1.3481 (down 0.43%). After ending yesterday's session at 1.6453, EUR/AUD lost 80 pips and is trading around 1.6372.
Positive indicators for the New-Zealand Dollar are expected going forward as United States Non Farm Payrolls projected to come out at 180,000 — worse than previous data of 236,000; data will be released today at 12:30 UTC. As things stand, upcoming United States Unemployment Rate data is projected to fall short of market expectations with newly published data of 3.6, following on from the preceding figure of 3.5. New data is set to be published today at 12:30 UTC.
Furthermore, the market is looking at United States Average Hourly Earnings is expected today at 12:30 UTC.
Having set a significant low of 0.5566 6 months ago, the New-Zealand Dollar is trading 12.84% higher.