NZD/USD reached 0.629, breaking a 3 months record. Later, it lost 20 pips and is now trading at 0.627.
Uptick comes while some more positive signs for the New-Zealand Dollar are out as highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading of -3.69 million.
Meanwhile, New Zealand Interest Rate released yesterday at 01:00 UTC with a figure of 4.25, while the previous figure was 3.5. United States New Home Sales (Oct) came out at 632,000, while a consensus of analysts was expecting 570,000.
A look at other currencies also shows bullish price action as having closed the previous session at 1.2057, GBP/USD is up 0.69% today to currently trade at around 1.214.
At the same time, USD/JPY is down to 138.36, losing 121 pips, after closing at 139.57 in the preceding trading session. After ending yesterday's session at 145.13, EUR/JPY lost 105 pips and is trading around 144.07.
Furthermore, the market is looking at New Zealand Retail Sales is projected to outperform its last figure with 0.5. It previously stood at -2.3; data will be released today at 21:45 UTC.
The currency pair has been trending positively for about a month. After setting a supportive marker at 0.5566 around a month ago, the Kiwi is now trading 12.2% above this level.