NZD/USD retreats to 0.6030 lows with investors bracing for US CPI data

  • The New Zealand Dollar is trading about 0.35% lower on Wednesday, with investors slightly disappointed by the lack of news of the US-China trade deal, while a soft US Dollar, ahead of the US CPI release, is keeping the Kiwi from dropping further. US Commerce Secretary Howard Lutnick celebrated the agreement of a “framework” that will allow for lower tariffs and ease restrictions on rare earths trade.