NZD/USD is on a bit of a rollercoaster today: spiking to 0.587 only to drop back to 0.5823, now rallying again to 0.5836.
United States's Core Durable Goods Orders new data released of -0.5% below its previous figure.
This move comes while some more positive signs for the New-Zealand Dollar are out as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0.2% with a reading of -0.5%.
Nevertheless, data for United States GDP published today at 12:30 UTC came out at 2.6, beating projections of 2.4 and showing improvement over the preceding figure of -0.6. Highly important Initial Jobless Claims data from United States beat analyst expectations of 220,000 with a reading of 217,000.
While the New-Zealand Dollar is up today, these currencies are lagging behind: EUR/NZD tumbles 1.42% to trade around 1.7073. EUR/CAD is down 158 pips from the beginning of the session and now trades around 1.3514. After ending yesterday's session at 1.0081, EUR/USD lost 117 pips and is trading around 0.9964.
Positive indicators for the New-Zealand Dollar are expected going forward as projections for United States Pending Home Sales are set for a continuation of decline with -5% while previous data was -2%; data will be released tomorrow at 14:00 UTC.
Furthermore, the market is looking at New Zealand ANZ Business Confidence (Oct) is expected tomorrow at 00:00 UTC. United States Core PCE Price Index (MoM) (Sep) will be released tomorrow at 12:30 UTC.
The New-Zealand Dollar is now trading 4.62% away from its significant low of 0.5566 first tested 17 days ago.