Tentatively higher from an earlier low of 0.6185, NZD/USD is up to 0.63 today, adding 83 pips, or 1.32%, to yesterday's closing price of 0.6217.
United States's Initial Jobless Claims new data released of 239,000 below its previous figure.
The New-Zealand Dollar upside coincides with further encouraging market factors as following a previous reading of 0%, Producer Price Index in United States released today at 12:30 UTC fell short of the 0.1% figure expected by analysts with an actual reading of -0.5%. United States Initial Jobless Claims published today at 12:30 UTC came out at 239,000, falling short of the 232,000 projections and continuing its decline from the previous 228,000 figure.
On the flip side, data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 597,000, beating projections of -583,000 and showing improvement over the preceding figure of -3.74 million.
Other currencies are also rising as having closed the previous session at 0.6697, AUD/USD is up 1.33% today to currently trade at around 0.6786.
At the same time, GBP/NZD is down to 1.9885, losing 179 pips, after closing at 2.0065 in the preceding trading session. EUR/NZD closed at 1.7541 (down 0.8%).
Positive indicators for the Kiwi are expected going forward as tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of -0.1%.
The market is looking forward to the release of new data: New Zealand Business NZ PMI (Mar) will be released today at 22:30 UTC. United States Retail Sales figure is projected at -0.4%. It previously stood at -0.4%; data will be released tomorrow at 12:30 UTC.
The currency pair has been trending positively for about a month. After setting a supportive marker at 0.5566 around 6 months ago, the Kiwi is now trading 11.69% above this level.
