The Kiwi parked at around 0.6167 .
Trading week at a glance - NZD/USD is up to 0.6167, after closing yesterday at zero. Overall, a 0% move or 6,166 pips this week. (Trade the New-Zealand Dollar with FXTM now).
This move comes while some more positive signs for the New-Zealand Dollar are out as ISM Manufacturing PMI (Jun) in United States fell short of the 54.9 projection with 53 and continued its downward trajectory from previous figure of 56.1. United States Core PCE Price Index (MoM) (May) fall short of the 0.4 projections, with 0.3 and marks no progress over previous figure of 0.3.
Meanwhile, New Zealand GlobalDairyTrade Price Index released yesterday at 3:00 PM with a figure of -4.1, while the previous figure was -1.3. Data for New Zealand NZIER Business Confidence (Q2) was released Monday suggests a downwards trend with -65, while previous data was -40. New Zealand Building Consents (MoM) (May) released Thursday with a figure of -0.5, which is better than its previous number of -8.6.
United States Crude Oil Inventories is projected to rise to -1.1 million, beating the previous -2.76 million figure. Official data is expected tomorrow at 3:00 PM.
Outlook for rest of the week: The market is looking forward to the release of new data: New Zealand RBNZ Interest Rate Decision will be released Wednesday. New Zealand Electronic Card Retail Sales (MoM) (Jun) is expected Sunday.