Ella 
NZD/USD snapped a three-day winning streak, falling back to around 0.5990 during the Asian session on Thursday. The New Zealand dollar is facing challenges due to key domestic economic data falling short of expectations, which in turn drags down the trend of NZD/USD.
New Zealand’s ANZ-Roy Morgan consumer confidence index fell to 86.4 in February from 94.5 the previous month. The index is down from its January 2022 highs. Business confidence fell to 22.9 in March from 34.7 the previous month. New Zealand markets have Good Friday and Easter Monday ahead of them.
At the Boao Forum for Asia (BFA), China’s top legislator Zhao Leji emphasized China’s commitment to inclusive economic globalization. He clarified that China opposes all manifestations of unilateralism and protectionism, and expressed its commitment to closely integrating China’s development with that of other countries.
Momentum in the U.S. dollar (USD) is weak as investors await the U.S. (US) fourth quarter 2023 annual gross domestic product data to be released on Thursday. Additionally, personal consumption expenditures for February will be released on Friday. The U.S. Dollar Index (DXY) is hovering around 104.30. U.S. Treasury yields rebounded after falling in the previous two sessions, providing support for the dollar.
