After closing the previous trading day at 0.622, NZD/USD is up to 0.6222, which makes for a move of 0.03%/1 pips today.
- United States Consumer Price Index is next today at 12:30 UTC.
Earlier data releases related to the New-Zealand Dollar – United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Here is the technical analysis of the New-Zealand Dollar before macro data is released:
Coming up for the Kiwi — New Zealand GDP projected to decline to -0.1 while previous data was two; data will be released tomorrow at 21:45 UTC. New Zealand Current Account is expected today at 21:45 UTC.
As the markets get ready for more data to be released — having closed the previous session at 133.2, USD/JPY is up 0.77% today to currently trade at around 134.22. EUR/JPY leaps up 0.68% to trade around 143.9. GBP/JPY surges 0.63% to trade around 163.28.
The currency pair has been trending lower for about a month. After setting a supportive marker at 0.5566 around 5 months ago, the New-Zealand Dollar is now trading 11.76% above this level.