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NZD/USD attempts to recover losses; still below 0.78 zone

FXstreet.com (Chicago) – NZD/USD plunged at the opening of the American trading session and release of official data in the US. The pair accumulates 0.33% daily losses adding up to 3.24% losses incurred this month.

Substantial improvement?

Earlier in New Zealand, the business confidence index was released at 48.1% vs. previous 52.8%. In the US, housing market data along GDP price indexes made the highlights in official data released for the day. Initial jobless claims were 331K vs. estimates at 329K and previous 337K. Continuing jobless claims are 2.989M vs. previous 3.330M and projections at 2.980M. The GDP price index for …read more