Also exerting downside pressure on the pair could be New Zealand’s BusinessNZ Performance of Services Index (PSI) for April. The figures drop to 25.9 from 52.00 prior registered in February. It should be noted that the gauge missed out on March readings.
The Fed Chair Jerome Powell reiterated the central bank’s readiness to act and use all weapons during his “60 minutes” interview on the US TV. Though, what was notable was the central banker’s upbeat tone concerning the odds of the US economic recovery and criticism of negative rates.