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14 May 2015
NZD/USD back above 0.7500
FXStreet (Córdoba) - NZD/USD erased losses during the last hours and rose back above 0.7500 after the release of US economic data.The kiwi remains among the top performers on Thursday.
NZD/USD and data
On Asian hours the pair jumped after the retail sales report in New Zealand unexpectedly came in above forecast expectations and peaked at 0.7563, the highest level since May 5. The kiwi gained momentum and for the first time in almost two weeks is losing strength across the board.
In the US, jobless claims dropped modestly from 265.000 to 264.000, holding near 15 year lows; the number was above expectations. The report was offset by April’s PPI index that declined more than expected, pushing the annual rate to -1.3%, the lowest level since 2009.
The pair found support at 0.7480 and after US report turned again to the upside. Recently rose to test the 0.7550 area and currently trades at 0.7520.
NZD/USD and data
On Asian hours the pair jumped after the retail sales report in New Zealand unexpectedly came in above forecast expectations and peaked at 0.7563, the highest level since May 5. The kiwi gained momentum and for the first time in almost two weeks is losing strength across the board.
In the US, jobless claims dropped modestly from 265.000 to 264.000, holding near 15 year lows; the number was above expectations. The report was offset by April’s PPI index that declined more than expected, pushing the annual rate to -1.3%, the lowest level since 2009.
The pair found support at 0.7480 and after US report turned again to the upside. Recently rose to test the 0.7550 area and currently trades at 0.7520.