After ending Friday at 0.67, the New-Zealand Dollar draws back to 0.67 (down 10 pips) .
A bearish end to the trading week, NZD/USD slides down from 0.6711 to 0.67 today, losing 10 pips (0.18%). (Start trading the Kiwi at FXTM today).
Data for United States Crude Oil Inventories released Thursday comes out at 515,000, beating projections of -938,000 and showing improvement over the preceding figure of -4.55 million. Data for United States Philadelphia Fed Manufacturing Index (Jan) released Thursday comes out at 23.2, beating projections of 20 and showing improvement over the preceding figure of 15.4.
In contrast, positive data for the Kiwi reported earlier when United States Existing Home Sales published Thursday came out at 6.18 million, falling short of the 6.44 million projections and continuing its decline from the previous 6.48 million figure. United States Initial Jobless Claims published Thursday came out at 286,000, falling short of the 220,000 projections and continuing its decline from the previous 231,000 figure.
Meanwhile, New Zealand Business NZ PMI (Dec) released Thursday with a figure of 53.7, while the previous figure was 50.6.
Outlook for rest of the week: The market will keep its eye on the following upcoming macroeconomics indicators: New Zealand Balance of Trade is projected to outperform its last figure with -700,000,%, having previously been at -864,000,%. The figure will be published tomorrow at 9:45 PM. New Zealand Consumer Price Index is projected to outperform its last figure with 5.6%. It previously stood at 4.9%; data will be released Wednesday. United States GDP is projected to outperform its last figure with 5.4. It previously stood at 2.3; data will be released Thursday.