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 seen in other pairs, GBP/JPY is down to 167.43, losing 142 pips, after closing at 168.86 in the preceding trading session. GBP/USD is trading around 1.1438 (down 79 pips). GBP/CAD is down 104 pips from the beginning of the session and now trades around 1.5436.
Looking ahead, ongoing depreciation may be prolonged 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) is scheduled for today at 21:45 UTC. United States EIA Short-Term Energy Outlook scheduled to come out today at 17:00 UTC.
The Kiwi is now trading 6.72% away from its significant low of 0.5566 first tested 29 days ago.