However, the major Kiwi pairs gained a few pips within half an hour and then traded sideways. But the Kiwi ticked down again at about 9:10 pm ET. The downtrend pushed the Kiwi to touch the 4-day low versus the Greenback, 10-day low versus the Yen and the 1-week low versus the Aussie. On the other hand, the Kiwi hit the yesterday`s level against the Euro.
The Japanese June corporate service price index data released at 7:50 pm ET caused very little price action in the Kiwi-Yen pair. Japan`s Corporate Service Price Index or CSPI rose 0.1% in June to 94.3 from the previous month. On year-over-year basis the index rose 1.4%, in line with analysts` expectation.
German IFO - Business climate for July is what the data expected by the traders during the upcoming European session. The US June durable goods orders and the new home sales data are slated for later in the morning.
The New Zealand dollar moved sideways against the U.S. currency during the afternoon deals on Wednesday in New York and this came ahead of the release of the RBNZ rate decision. However, amid the release, the Kiwi declined sharply, but by about 5:20 pm ET it ticked up slightly and moved sideways thereafter. The Kiwi weakened again at about 9:10 pm ET and touched the 4-day low of 0.7961 at 10:45 pm Eastern Time. The pair then gained a few pips and as of 12:30 am ET Thursday, it collected 0.7993.
During the afternoon deals on Wednesday in New York, the New Zealand dollar showed a choppy trend versus the European currency. At about 5:00 pm Eastern Time, following the release of the RBNZ rate decision, the Kiwi ticked down but it strengthened slightly within half an hour and then moved sideways. The Kiwi lost ground again at about 9:10 pm ET and hit as low as 1.7222. Lately, the Kiwi has been reversing the losses and as of 12:30 am ET Thursday, it was worth 1.7152.
Ahead of the release of the RBNZ rate decision, the New Zealand dollar trended lower against the Japanese Yen. Amid the release, the pair edged further lower. However, at about 5:20 pm Eastern Time, the Kiwi advanced slightly and then showed a choppy trend. But the pair slipped again at about 9:10 pm ET and touched the 10-day low of 95.91 within two hours. Thereafter, the Kiwi picked up a few pips and fetched 96.43 as of 12:30 am ET Thursday.
The New Zealand dollar made a sharp fall versus the Aussie at 5:00 pm ET on Wednesday and this came amid the release of the RBNZ rate decision. But the Kiwi gained slightly within half an hour and then traded sideways. However, at about 9:10 pm Eastern Time, the Kiwi drifted down again and hit the 1-week low of 1.1093 by about 10:45 pm ET. The Kiwi then advanced slightly and traded at 1.1071 as of 12:30 am ET Thursday.
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