NZD/USD recovering almost all the way back to 0.594 today, after dipping down to 0.59.
United States EIA Short-Term Energy Outlook is next today at 17:00 UTC.
While price action maintains a negative bias, New Zealand Inflation Expectations (QoQ) released today at 02:00 UTC with a figure of 3.6, while the previous figure was 3.1.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 168.86, GBP/JPY lost 142 pips and is trading around 167.43. GBP/USD drops 0.69% to trade around 1.1438. After ending yesterday's session at 1.5541, GBP/CAD lost 104 pips and is trading around 1.5436.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories is projected to outperform its last figure with 1.1 million. It previously stood at -3.12 million; data will be released tomorrow at 15:30 UTC.
Furthermore, New Zealand Electronic Card Retail Sales (MoM) (Oct) scheduled to come out today at 21:45 UTC. United States EIA Short-Term Energy Outlook is expected today at 17:00 UTC.
After setting a supportive marker at 0.5566 around 29 days ago, the Kiwi is now trading 6.72% above this level.