NZD

"New Zealand set to reveal bigger deficit in 'no frills' 2023-24 budget"

NZDUSD Price Analysis: Navigating the market's downside momentum

• Watch 0.6200 for close clues

New Zealand April Services PMI 49.8 (prior 53.8)

New Zealand dollar dip after RBNZ inflation expectations data

New Zealand April Manufacturing PMI 49.1 (prior48.1)

New Zealand food price index for April +0.5% m/m (expected +0.4%)

NZ finmin Robertson: New Zealand fiscal position remains strong and resilient

NZDUSD traits to highest level since February 14. Backs off.

• Swing area between 0.6363 and 0.6389

NZDUSD Technical Analysis

• The NZDUSD is close to a key resistance level.

Goldman Sachs expects a 25bps hike from the RBNZ in May, see AUD/NZD higher into year-end

NZDUSD dips in trading today.

• Close support near 0.6308 to 0.63149

NZDUSD moves above 100 day MA. Key break for the pair.

• NZDUSD is up for the 3rd consecutive day and 5 of the last 6 days

NZDUSD Technical Analysis

• The US Dollar remains on the backfoot.

New Zealand - ANZ Commodity Price index for April -1.7% m/m (prior +1.3%)

NZ data - March building permits +7% m/m (expected -0.3%